LLOYD George Management, the fund management group, is to launch a Strategic Gold Fund investing in the securities of companies involved in gold or mineral mining. Investors will be given the option of receiving their dividends from the unit trust in gold coins. The size and denomination will depend on their investment with the fund and the dividend declared. Shares are being offered at US$10 each during an initial offer period to the end of December 6. After the launch period, the subscription and redemption price will be based on the fund's net asset value. The initial minimum investment is $10,000. Robert Lloyd George, the company's chairman, said: 'The fund will aim to achieve long-term capital growth by investing in the listed securities of companies involved in the mining of gold and other minerals as well as in processing and trading.' Mr Lloyd George said: 'Our attention will focus initially on companies with operations in North America, Australasia and Africa. But China could also provide some attractive investment opportunities. 'Under the fund's investment policy, up to 15 per cent of its net asset value may be held in bullion or other forms of physical gold.'