The Shocking Truth About 2025's Top-Performing CEF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 25 2025
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Source: NASDAQ.COM
Performance and Valuation of ASA Gold and Precious Metals Ltd.: Despite a remarkable 69.4% increase in 2025, ASA's low dividend yield of 0.2% and persistent 11% discount to net asset value suggest it may not be a wise long-term investment, as it tends to decline after significant gains.
Investment Strategy and Market Timing: Investors should consider waiting for a downturn in gold prices before investing in ASA, as the fund is currently overvalued and may not provide sustainable returns for long-term holders compared to other higher-yielding options available in the market.
Analyst Views on ASA
About ASA
ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
