Metal Gurus Get into Gold

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Britain's best-performing fund manager over the past three years has got the gold bug once again and has increased his exposure to the glittering commodity.

Concerns about the US economy and the dollar are driving an increased interest in the commodity, says Paul Farrow.

Britain's best-performing fund manager over the past three years has got the gold bug once again and has increased his exposure to the glittering commodity.

Ian Henderson, who manages the JPM Natural Resource fund (which has returned 330 per cent over the past three years - 70 per centage points more then the second-placed fund), now has around a quarter of the fund invested in gold and gold mining shares. It is in contrast to his significantly underweight position a year ago when the price of gold was moving towards a record high and Henderson was pessimistic on its outlook.

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