Back

Out-of-Favor Gold Attractive as Risks Mount, Nikko AM Says

Gold’s recent tumble has made it more attractive in an environment in which elevated interest rates boost the odds of unexpected market ructions, according to Nikko Asset Management.

The retracement has pushed some of the froth out of the market, and it’s prudent to own some of the precious metal, according to Robert Samson, global head of multi-asset at Nikko Asset Management, who has about $1.5 billion across two mandates domiciled in Japan and Singapore. There’s a “decent chunk” of gold at around 6% to 8% of the Japanese portfolio, which has benefited from the yen’s weakness, he said.


Source link

Wealthfargo
Wealthfargo

Leave a Reply

Your email address will not be published. Required fields are marked *

We use cookies to give you the best experience. Cookie Policy