Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3948

Good time to switch from gold miners to bullion, says Barings

RELATED TOPICS​

With gold breaking through the USD1,000 an ounce barrier, Percival Stanion, head of asset allocation at Baring Asset Management, believes now is the time for investors to switch from gold miners to gold bullion.

He believes that gold currently provides a stable alternative to currencies such as Sterling, the Euro and the US Dollar.

Percival says: “The multi-asset portfolios at Barings have recently benefited from the surge in gold prices and have now sold out of our exposure to gold mining and switched into gold bullion. In our view, gold is a more stable store of value, over a five year view, than all paper currencies except the renminbi. Sterling is still our least favoured currency, even after significant falls in value.

”Our asset allocation strategy over the past few months has had a high weighting in UK and European equities while avoiding US and Japanese equities, which both turned out to be laggards. Now we have benefited from the European equity rally, we are largely moving away from European stocks, due to concerns about a lack of transparency in the banking sector, compared to Anglo-Saxon companies. We are also apprehensive about Europe’s prospects for growth while the currency is so strong.”

Barings’ flagship institutional multi asset offering, the Baring Dynamic Asset Allocation fund, and the recently launched retail fund, the Baring Multi Asset Fund, aim to deliver equity-like returns with less risk than holding an equity-only portfolio.

Latest News

MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..
New research from cloud security firm Zscaler reports a disconnect between European company confidence in..

Related Articles

Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by