Tocqueville Asset Management, LP, a fee-based investment firm, puts an emphasis on long-term investing. The firm focuses on growth while preserving capital. The firm earns compensation through asset-based, performance-based and commission fees. The investment team also emphasizes long-term client service and education. For more information about Tocqueville Asset Management, please visit its website. In addition to its fee-based structure, Tocqueville provides a range of other services, including advising on financial planning and preparing tax-exempt investment plans.
Tocqueville International Value Fund
Tocqueville Asset Management announced its first joint venture with American Beacon Advisors. Tocqueville is a privately held global investment management firm with more than $11 billion under management. As part of this partnership, Tocqueville will manage the day-to-day portfolio management of the Fund, including its short-term investments. The Fund had $823.2 million in assets as of December 31, 2018.
Tocqueville Asset Management, LP focuses on client service and long-term investing. Its primary investment objective is capital preservation and long-term growth. The firm is fee-based, earning compensation through asset-based fees, performance-based fees, and commissions. Tocqueville Investment Management LP also uses quantitative methods to determine the best investments for their clients.
Despite Hunt’s passion for investing, he never dreamed of being a professional musician. Today, he manages a $435 million foreign fund, the Tocqueville International Value Fund. The fund has generated an annual return of 8.1% for 15 years, more than double that of its peers in the Morningstar foreign large blend category. The firm also has 1 strategic partnership with Sprott.
Tocqueville is challenging Tocqueville’s decision to terminate the partnership and replace FPA as investment adviser. This decision is a significant development for the Funds’ shareholders. The FPA was able to convince the boards of directors of the Funds that Tocqueville would be an appropriate replacement. This ruling could have an impact on Tocqueville’s ability to grow its business.
American Beacon Tocqueville International Equity Fund
The American Beacon Tocqueville International Equities Fund is an equity mutual fund that seeks investments in companies with above-average dividend yields, returns on equity, and earnings growth potential. The Fund recently terminated the services of Templeton Investment Counsel, a sub-advisor, and appointed American Century Investment Management to serve as the Fund’s sub-advisor. The new advisors will begin work on January 15, 2020.
The Tocqueville International Value Fund is being merged with the American Beacon Tocqueville International Equities Fund. This means that Tocqueville’s investors will receive shares in the new fund, which will be administered by Tocqueville Asset Management. The fund aims to grow in size through American Beacon’s distribution network. Its objective is to provide investors with long-term capital appreciation while preserving their principal.