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Nearly a third of investors in precious metals funds Central GoldTrust and Silver Bullion Trust have agreed to a bid from Canada's Sprott Asset Management, a person familiar with the offer said on Tuesday. Sprott, a Toronto-based money manager, has been trying to wrestle control of Central GoldTrust and Silver Bullion Trust from Central Fund of Canada Ltd in a rare example of a hostile bid in Canada.
As oil prices continued to tank, commodity and energy funds took a nosedive.