Gmo Resources is trading at 20.30 as of the 22nd of November 2024; that is 0.89 percent up since the beginning of the trading day. The fund's open price was 20.12. Gmo Resources has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Gmo Resources Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2023 and ending today, the 22nd of November 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its assets in the securities of companies in that sector. The funds managers consider the natural resources sector to include companies that own, produce, refine, process, transport, and market natural resources and companies that provide related equipment, infrastructure, and services. More on Gmo Resources Fund
Gmo Resources Fund [GOVIX] is traded in USA and was established 22nd of November 2024. Gmo Resources is listed under GMO category by Fama And French industry classification. The fund is listed under Natural Resources category and is part of GMO family. This fund currently has accumulated 487.04 M in assets under management (AUM) with no minimum investment requirementsGmo Resources is currently producing year-to-date (YTD) return of 0.09% with the current yeild of 0.04%, while the total return for the last 3 years was -6.27%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Gmo Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Gmo Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Gmo Resources Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Gmo Resources financial ratios help investors to determine whether Gmo Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gmo with respect to the benefits of owning Gmo Resources security.