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Gold Fund Unit Trust (GFUT) at the weekend held its 8th Annual General Meeting (AGM) with Fund Managers giving investors enough reasons to keep their investments. Addressing shareholders at the 8th GFUT AGM, head of Accra and Eastern Region of Gold Coast Securities (GCS,) Kwaku Fredua-Agyeman, announced that the Fund recovered from its performance in 2011 as it did well in 2012. �The expertise and ingenuity of the manager ensured that the portfolio mix yielded 16.59 per cent return which was better than last year,� he disclosed. Kwaku Fredua-Agyeman continued that �compared to the average returns of 10.5% by other mutual funds on the Ghanaian market, the GFUT performed extremely well.� According to him, the unit price of the fund in 2012 increased from GHS0.1099 in January to 0.1281 by December 31st. That increase, he explained, represented a change of 16.59%. Total assets of the fund came down from GHS3, 541,071 in 2011 to GHS2, 759,247 at the close of 2012, representing a change of 22.08%. Kwaku Fredua-Agyeman went on to disclose that at the end of 2012 the fund had invested 26.77% in the banking sector, 3.28% in the financial services sector, 14.61% in food and beverage, 3.59% in manufacturing and 14.89% in net payables in the short-term. He noted that the global economy is likely to face lesser challenges, assuring that the gold fund will give significant returns to its unit holders by the end of next year 2013.