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Deshpande talked about his investment strategy and where he found value nowadays with Matt Miller and Carol Massar on Bloomberg Television's "Street Smart."
(Source: Bloomberg)
Deshpande discussed the outlook for gold prices and gold stocks. In the First Eagle Global Fund, they have held a healthy portion of assets in gold and gold stocks. Deshpande stated that they do not have expectation for where the gold is going to be short term or long term. They will hold gold as long as the central governments continues with their currency debasement policies.
The appreciation of gold price and that of gold mining companies have helped the performance of the fund.
GuruFocus has been dutifully following the stocks bought and sold each quarter by the First Eagle Global. GuruFocus data shows the fund owns stocks of 19 gold mining companies across the global. Here are the top gold stocks held by the fund:
| /tdtd width="117" ="" valign="bottom" width:70.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> Value ($1000) | /tdtd width="113" ="" valign="bottom" width:68.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> % of Company | |||
| /tdtd width="140" ="" valign="bottom" width:84.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 41092010 | /tdtd width="120" ="" valign="bottom" width:1.0in;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 3.94 | /td/trtrtd width="80" ="" valign="bottom" width:48.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> NEM | /tdtd width="117" ="" valign="bottom" width:70.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 415101 | /tdtd width="113" ="" valign="bottom" width:68.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 1.39 |
| /tdtd width="140" ="" valign="bottom" width:84.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 22786564 | /tdtd width="120" ="" valign="bottom" width:1.0in;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 1.73 | /td/trtrtd width="80" ="" valign="bottom" width:48.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> GOLD | /tdtd width="117" ="" valign="bottom" width:70.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 124964 | /tdtd width="113" ="" valign="bottom" width:68.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 1.45 |
| /tdtd width="140" ="" valign="bottom" width:84.0pt;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 2768820 | /tdtd width="120" ="" valign="bottom" width:1.0in;padding:0in="" 5.4pt="" 0in="" 5.4pt;="" height:.2in"=""> 0.87 |
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