Investment managers are beginning to question the value of holding gold for diversification purposes, as its correlation to equity markets soared to 65% this year.
Historically, the precious metal has been the asset class of choice to protect portfolios against downturns in equity and bond markets, and to hedge against inflation. While this worked in investors'...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective