Gold prices this year were up 20% and heading for their first annual gain since 2012 until Donald Trump was elected president.
The Herzfeld Caribbean Basin Fund (CUBA) was up as much as 17% on Monday morning, its best one-day showing since December 2014.
U.S. equity funds rebounded with their largest inflow ever last week at $31 billion.
The selloff is giving money managers a rare opportunity to allow passive funds call the shots on the direction of market sentiment.
She is the third generation to control the company and, like her family members, has maintained a low profile despite the reach of the firms mutual funds.