In a constantly evolving financial universe, commodities occupy a major strategic position for diversifying portfolios and protecting investments. Among the various solutions offered to investors, the AXA Gold and Raw Materials FR0010011171 fund stands out as a unique option combining AXA’s expertise with the dynamics of global natural resources. Managed by AXA Investment Managers Paris, this fund is not limited to gold, although this precious metal remains a cornerstone, but also incorporates a variety of assets from the global mining and oil sectors. This complementarity gives it a distinctive investment profile capable of capturing trends in both physical and financial markets.
To fully understand what the AXA Gold and Raw Materials fund offers, it is important to delve into its investment strategy based on replicating an international composite index, mainly combining FTSE World Mining and FTSE World Oil & Gas indices. These strategic choices reflect a balance between precious metals, diversified mining sectors, and energy, which are essential under current geopolitical and economic contexts. With active management aimed at limiting the gap between net asset value and index performance, this fund offers a hybrid solution balancing safety and opportunity.
Over the years, the fund has attracted attention for its solid performance during phases when global raw material demand surpasses temporary economic fluctuations. Its risk level is assessed at 6/7, indicating a rather dynamic profile suitable for those who accept some volatility in exchange for significant potential gains. In 2025, as geopolitical tensions and energy issues become more complex, this fund remains a serious option for those seeking diversification, inflation protection, and exposure to natural resources.
To better understand the importance of gold, oil, or industrial metals in this fund, it is also essential to analyze the major companies comprising it. International groups such as Barrick Gold, Newmont Corporation, BHP Billiton, Glencore, Rio Tinto, and TotalEnergies represent pillars of the real economy, and their presence in this fund enhances its credibility and prospects.
How AXA Gold and Raw Materials FR0010011171 combine gold, oil, and metals for a balanced strategy
The very foundation of this fund is based on the meticulous composition of its portfolio, which aims for significant exposure through a combination of the mining and oil sectors, represented in the composite index it seeks to replicate. This index is two-thirds composed of the FTSE World Mining index, which includes companies engaged in extracting various minerals, gold and copper being prominent, and one-third from the FTSE World Oil & Gas index, symbolizing vital fossil energy despite current energy transitions.
A targeted diversification to manage volatility
The core of this diversification is to balance the potential growth of precious metals with the relative stability of fossil energy. For example, companies like Barrick Gold and Newmont Corporation dominate the gold segment and offer natural protection against economic turbulence, often perceived as safe havens. Additionally, integrating oil majors such as TotalEnergies and Shell captures opportunities in a continuously vital energy market, even amidst the transition to renewables.
- ⚒️ Barrick Gold and Newmont Corporation are key gold holdings in the fund.
- ⛽ TotalEnergies and Shell hold strategic positions in oil and gas.
- 🌍 BHP Billiton, Glencore, and Rio Tinto provide exposure to industrial metals like copper.
- 🔄 Active management aims to keep the deviation from the benchmark index below 2%.
- 💼 Ongoing fees are maintained around 1.47%, offering a competitive cost for this type of fund.
A necessary balance in a transitioning world
While the importance of renewable energies increases, the role of raw materials remains central. This fund reflects this reality by combining the stability offered by gold and the dynamism of copper, often called the “new oil” due to its importance in green technologies. The presence of companies like Glencore and Rio Tinto, specialists in copper and other essential metals, illustrates this orientation.
| Company 🌟 | Sector 🏗️ | Role in the fund 🎯 | Recent performance 📈 |
|---|---|---|---|
| Barrick Gold | Gold | Safe haven and primary growth driver | +15% in 2021 |
| Newmont Corporation | Gold | Leadership and mining expertise | +14% in 2021 |
| TotalEnergies | Oil & Gas | Diversified energy exposure | +10% in 2021 |
| Glencore | Copper ore and metals | Support for the green energy industry | +20% in 2021 |
The management of the fund relies on constant market monitoring and prudent arbitrage to maintain a strong link between the net asset value and the composite index. The goal is to avoid significant deviations that could penalize the investor.
Historical performance of the AXA Gold and Raw Materials fund: what the figures reveal
Reviewing past results provides valuable insight into the robustness of the AXA Gold and Raw Materials fund. Since its inception, this fund has demonstrated strong performance, especially during periods of rising raw material prices. For instance, between 2016 and 2021, notable gains of over +30% in well-targeted periods were recorded.
Real added value despite volatility
The fund’s risk level is assessed at 6 out of 7, indicating significant volatility. However, potential gains and consecutive rebound periods more than compensate for this variability. A strategy based on detailed analysis of raw material cycles and their correlation with the global economic situation is applied.
- 📊 +37.17% capital gain recorded for some investors between 2016 and 2021.
- 📅 The significant momentum effect: capturing long-term trends such as the energy transition.
- 🔄 Regular arbitrages to optimize positioning without breaking exposure.
- ⚠️ Acknowledgment of the high risk, suitable for investors tolerant to fluctuations.
- 🛠️ Management relies on a solid duo, Julien Morel and Chadi Nauphal.
| Year 📆 | AXA Raw Materials & Gold Fund Performance 📈 | Economic context 🌐 | Strengths 📌 |
|---|---|---|---|
| 2016-2021 | +37.17% | Gold and green technology-related metals boom | Active management and sector diversification |
| 2021 | +15% | Post-pandemic economic recovery | Favored by a rise in raw material prices |
| 2023 | +20% | Increased demand for copper and oil | Exposure to industrial metals |
In any case, it is necessary to monitor the raw materials environment as well as news related to major integrated companies to understand market movements.
The key role of precious metals and gold in the AXA Gold and Raw Materials portfolio
Gold is more than just a metal; it has been a safe haven for millennia and plays a central role in the AXA Gold and Raw Materials fund strategy. Its significant weight in the portfolio underscores its attractiveness during periods of geopolitical uncertainty and rising inflation, a situation still relevant in 2025.
Why gold remains the star despite fluctuations
Gold attracts investors for several fundamental reasons. It acts as a protection against currency depreciation and inflation, which is crucial during times of economic uncertainty. The fund capitalizes on this advantage by significantly investing in mining companies like Barrick Gold and Newmont Corporation, two major players in the global gold sector.
- 🔐 Safe haven in times of financial crises and geopolitical conflicts.
- 📈 Hedge against real inflation beyond official rates.
- 🏭 Presence in resource-rich countries through titles like BHP Billiton and Rio Tinto.
- 💰 Potentially high return linked to metal extraction and sale in physical form.
- 🌏 Influence of central banks on gold reserves and their impact on the market.
Leading companies from extraction to commercialization
The fund does not hold physical gold directly but mainly invests in securities of mining companies. This approach offers greater leverage on metal performance but also introduces operational risk related to company management. The quality of chosen companies, such as Barrick Gold and Newmont Corporation, makes all the difference here.
| Financial Size 💼 | Major Gold Companies 🏆 | Role in the fund 🎯 | Performance relative to the metal 📊 |
|---|---|---|---|
| Large Capitalization | Barrick Gold | Gold extraction leader | Performance above physical gold |
| Large Capitalization | Newmont Corporation | Expertise and geographic diversification | High correlation with gold prices |
This theme of gold as a strong pillar of the fund is thus at the center of a balanced strategy, offering both upward potential and protection against unforeseen events.
Energy raw materials and their impact in the AXA Gold and Raw Materials fund
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