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Guess the Fund 02: Which metal fund will perform the best in May?

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Moo_Rich wrote a column · May 17, 2023 05:08
Hi, mooers!
Welcome to the second round of our "Guess the Fund" event!
This time, we invite all of you to predict how metal funds will perform in May based on public data and market trends. Let's vote for the fund with the greatest potential and share your insights to win rewards!

Background
Recently, the global financial market has been volatile, leading to fluctuations in the prices of precious metals, which are often considered "safe-haven assets." The banking crisis initially caused market risk aversion and boosted precious metal prices. However, when the US non-farm payrolls exceeded expectations, the prices of precious metals fell.
During the latest FOMC meeting, a "hawkish pause" was signaled, indicating that there will be a pause in interest rate hikes at the next meeting. Additionally, the latest CPI Index reached a record low after 10 straight months of decline, which has increased market expectations for an end to interest rate hikes.
According to a well-known Forex recent report, gold will retain its appeal due to uncertainties surrounding global economic recovery and rising inflationary pressures. Jerry Chan also pointed out that the previous cyclical transition phases (2000, 2006, 2018) between the Fed's rate hikes to rate cuts have all been the start of a gold bull market.
However, Powell has indicated that there are unlikely to be any cuts in interest rates this year, which has made many investors cautious about investing in precious metals.
Will precious metal prices rise or fall?
Are there any potential opportunities for investing in metal funds?
Which metal fund may yield the best results in May?
Tap here to join the topic and make a vote>>

Funds
Here we show you the top 3 hot-selling metal-related funds on Moomoo Fund Hub!
Which one of these funds will perform the best in May?
$BGF World Gold Fund(LU0055631609.MF)$, $Ninety One Global Gold Fund(LU0345780281.MF)$, $Ninety One GSF Global Gold Fund(LU1858852160.MF)$
*Fund Rankings list all mutual funds and fund portfolios on moomoo.
*Popularity rankings display funds sorted by the number of subscriptions in the past week.
The following graph compares the performance of these three funds, with their year-to-date returns ranging from 14% to 16%. Which fund are you most bullish on?
Guess the Fund 02: Which metal fund will perform the best in May?
*Only one currency/dividend type will be displayed for the same fund.
*Calculation Formula: Fund Return = [Net Asset Value on T Day (May 31) – Net Asset Value on T Day (May 17)] / Net Asset Value on May 17* 100%

Time
May 17 – May 31
Notes:
*The "Guess the Fund" vote will end at 23:59 SGT, May 24.
*Influential posts before 23:59 SGT, May 31, will be eligible for the rewards.

Rewards
1. 50 points: for mooers who vote and make a correct prediction at the event
2. 18% (3d) fund coupon: for writers of the top 5 influential posts of over 50 words

Special Rewards
[Guess the Fund] will take place regularly twice a month from April to August, with a total of 5 events.
Additionally, participants who correctly guess the fund multiple times will be eligible for extra rewards!
1. 500 points: for mooers who correctly guess the best-performing fund in 3 events
2. 15% (3d) Fund Coupon: for mooers who correctly guess the best-performing fund in 4 event
3. 18.8 SGD Fund Cash Coupon: for mooers who correctly guess the best-performing fund in 5 event

Winners announced for the first round
In Guess the Fund 01 | Which US stock funds will perform the best in April?, $Neuberger Berman US Real Estate Securities Fund(IE00B0T0GQ85.MF)$ was the top performer in April. Mooers who voted and made a correct prediction before 23:59 SGT on April 23 will receive 50 points!
Congratulations to @MONDAY86 and @Moogoorooloo for their top 2 influential posts!
And now, it's time for the second round of voting!
Tap here to make a prediction and share your views >>
Good luck, and see you soon!

Notes:

1. The influential posts will be selected based on post quality, originality, creativity, and influence.

2. Posts that are not original or relevant shall be excluded.

3. All rewards are mutually exclusive.

4.All rewards will be distributed to your universal account within 15–30 working days after the winner's announcement.

This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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