Which are the best funds to invest in gold?
Updated:
17 APR, 2026
By Joanna Piwko from RankiaPro Europe
In 2025, gold has established itself as one of the best performing assets in the macro universe. Supported by a combination of contained real rates, recurring purchases by central banks, and a context of high geopolitical uncertainty, the yellow metal has surpassed its all-time high, closing the year above $4,300 an ounce.
Gold funds are once again in the spotlight in 2026. Gold funds are showing solid performance, with the peer group up +14.8% year-to-date. This comes despite a volatile start to the year, including a sharp decline of -19.4% in March, followed by a rebound of +8.3% in April so far.
Investor demand has also remained resilient. Gold funds have attracted around €1.5bn in net inflows year-to-date, with April already contributing €1.28bn, reversing the outflows seen in previous months. In total, flows represent about +4.0% of assets under management, underlining the continued role of gold as a diversification tool.
Against this backdrop, selecting the right fund is key. While the overall trend is positive, performance and strategies vary significantly across the universe. In the following sections, we highlight some of the most relevant gold funds to consider right now.
In this article we analyze some of the most interesting funds belonging to this category, based on the recent data provided by Arandis.
Funds to invest in gold in 2026
Konwave ESG Gold Equity Fund - B EUR
Konwave ESG Gold Equity Fund – B EUR is an actively managed equity fund domiciled in Luxembourg that seeks long-term capital growth by investing primarily in companies within the gold and precious metals sector. It typically allocates most of its portfolio to mining and related firms, selected based on both financial potential and ESG (Environmental, Social, and Governance) criteria.
The fund has a global focus, with a bias toward mid- and small-cap mining companies, and follows a fundamentally driven investment strategy. It is intended for investors looking for exposure to gold equities with a sustainability approach, and who can tolerate the higher volatility associated with this specialized sector.
CM-AM Global Gold - S
CM-AM Global Gold – S is an actively managed equity fund belonging to a SICAV structure domiciled in France, managed by Crédit Mutuel Asset Management. It aims to deliver long-term capital growth by investing primarily in global companies linked to gold mining and precious metals.
The fund follows a selective, fundamental investment approach, focusing on gold producers and related businesses, with a strong concentration in the basic materials sector (often above 90%). It is benchmarked against indices such as the NYSE Arca Gold Miners and typically has significant exposure to regions like Canada and the United States, where many major mining companies are listed.
In addition, the fund integrates ESG criteria (Article 8 SFDR) into its investment process, although these factors complement rather than fully determine investment decisions. Due to its sector focus, it carries high volatility and a high risk profile, making it more suitable for investors with a long-term horizon seeking targeted exposure to gold equities.
DWS Invest Gold and Precious Metals Equities - LC
DWS Invest Gold and Precious Metals Equities – LC is an actively managed equity fund domiciled in Luxembourg, managed by DWS Investment S.A., that seeks long-term capital growth through global investments in companies linked to the precious metals sector.
The fund typically invests at least 70% of its assets in equities of companies involved in the exploration, extraction, production, and processing of gold, silver, platinum, and other precious metals. It follows a fundamental, bottom-up investment approach, focusing on identifying promising mining companies worldwide.
Its portfolio is highly concentrated in gold-related businesses (often over 90% exposure to the gold segment), with a strong geographic allocation to countries such as Canada and the United States.
Due to its sector specialization, the fund exhibits high volatility and risk, making it suitable for investors seeking targeted exposure to precious metals equities and who have a long-term investment horizon.
R-co Gold Mining - C EUR
| ISIN | YTD Return | 5-year Return |
|---|---|---|
| FR0007001581 | +15.95% | +23.79% |
Date: 17.04.2026
R-co Gold Mining – C EUR is an actively managed equity fund structured as a SICAV domiciled in France, managed by Rothschild & Co Asset Management. It aims to outperform its benchmark (NYSE Arca Gold Miners Index) over the long term by investing primarily in companies linked to the gold and precious metals mining sector.
The fund typically allocates at least 60% of its assets to equities of companies involved in the exploration, extraction, and processing of precious metals, with a global focus on major mining regions such as Canada and the United States.
Its investment approach is active and discretionary, combining large international mining companies with selective exposure to smaller firms offering growth potential. However, the portfolio is highly concentrated in a single sector (often over 90% in basic materials), which results in high volatility and risk.
The fund does not systematically integrate ESG criteria (SFDR Article 6) and is generally suited for investors seeking targeted exposure to gold equities with a long-term investment horizon (5+ years).
CPR Invest Global Gold Mines - I EUR - Acc
| ISIN | YTD Return | 5-year Return |
|---|---|---|
| LU1989765984 | 15.19% | +25.42% |
Date: 17.04.2026
CPR Invest Global Gold Mines – I EUR – Acc is an actively managed equity fund structured as a SICAV domiciled in Luxembourg, managed by CPR Asset Management (Amundi Group). It seeks to outperform the NYSE Arca Gold Miners Index over the long term (minimum 5 years) by investing globally in companies involved in the gold and precious metals mining sector.
The fund invests primarily in international equities of companies engaged in the exploration, extraction, and production of gold and other precious metals, following a global and diversified approach across mining regions.
Its portfolio is highly concentrated in the basic materials sector (close to 100%), with strong exposure to countries such as Canada and the United States, where many leading gold mining companies are listed.
The strategy is actively managed with a benchmark-driven approach, combining large-cap mining leaders with selective mid-cap opportunities. Due to its sector specialization, the fund carries high volatility and risk, making it suitable for investors with a long-term investment horizon and a targeted interest in gold equities.
Data provided by:
Arandis makes fund analysis and comparison simple, clear, and accessible. Their platform supports asset managers, fund of funds, family offices, and fund selectors to refine their strategic investment decisions. As data collection experts, they developed a robust and innovative architecture to deliver the highest quality of information.
This article is for informational purposes only and does not constitute financial advice.
