Invest with Allegiance Gold and Grow Your Portfolio
Henry Clibborn- Allegiance Gold is senior project generator for a number of gold projects in various stages of development.
- The company develops its projects under a joint venture model.
- Allegiance Gold's projects are primarily located in Ontario, Canada.
Allegiance Gold, Inc. is a gold mining and exploration company. The company's shares trade on the Toronto Stock Exchange under the ticker symbol ANG.
Allegiance Gold is senior project generator for a number of gold projects in various stages of development. The company develops its projects under a joint venture model. Allegiance Gold's projects are primarily located in Ontario, Canada.
What Are Allegiance Gold Funds?
Allegiance Gold is a mutual fund company that manages a family of funds based in New York City. The parent company, Allegiance Capital, was founded in 2012 and is owned by investors. The funds under Allegiance Gold include Allegiance Gold (ARGX), Allegiance Gold II (ARGOX), and Allegiance Gold Investment (AGI).
A Brief History
Allegiance Gold is a gold savings company. The company allowed people to store their gold bullion in a safe and insured environment, and withdraw their gold anytime.
The company struggled with the economic crisis of 2008. The gold market was affected by the recession, and the investors in the company lost money as well.
In 2010, the company was acquired by a private equity company. The company was operated as a subsidiary under the Allegiance Company.
Allegiance Gold Fund (AGI)
The Allegiance Gold Fund is invested in physical gold.
The Fund seeks to be the primary vehicle for investing in bullion and precious-metals-related instruments or instruments that derive their value from bullion and precious-metals-related instruments.
AGI charges an expense ratio of 1.49% and has an average annual total return of 11.23% over the last ten years (as of Nov. 22, 2019).
Allegiance Gold Fund (ALGLX)
Assets Under Management: $2.3 billion
Total Return as of Dec. 31, 2019: 9.33%
Expense Ratio: 1.52%
Investing with Allegiance Gold Fund means access to a proven team with more than 70 years of combined experience. This team of portfolio managers has a proven record of finding opportunities in the market and creating successful investment strategies.
Allegiance Gold Fund (AGI) Pros and Cons
Pros
Allegiance Gold Fund offers a diversified portfolio of gold bullion and precious metals.
The fund has experienced no losses since inception in 2001.
Allegiance Gold Fund enjoys a low expense ratio of 0.51%.
Allegiance Gold Fund offers solid risk-adjusted returns.
Allegiance Gold Fund offers direct access to it physical holdings.
Allegiance Gold Fund is liquid.
Cons
Allegiance Gold Fund does not offer dividends.
Allegiance Gold Fund operates only in physical gold bullion markets.
Allegiance Gold Fund is not insured.
Allegiance Gold Fund is not diversified.
Allegiance Gold Fund (ALGLX) Pros and Cons
The Allegiance Gold Fund (ALGLX) is an exchange-traded fund (ETF) that invests in gold mining companies. This fund is listed on the NYSE Arca (ARCA) exchange. The ALGLX fund's Class A shares have a net expense ratio of 0.75%. The ALGLX fund's holdings include Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM), and Yamana Gold (AUY), among others.
The ALGLX fund has returned 15.7% in 2021. The fund has also delivered an annualized 10.7% return since its 2011 inception. The ALGLX fund's equity beta is 1.2, and its beta for gold is 1.1.
Gold IRA: Should You Open One To Save For Retirement?
The Bottom Line
If you want to build wealth, you need to take it seriously. Investing with Allegiance Gold may be one of the best decisions you'll ever make. They make it easy to get started and stay focused on your long-term goals. Make this the year you take control of your future by working with Allegiance Gold.
