Why this top fund manager says the best investment this year is ‘the hedge against political cycles'

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The CEO of VanEck breaks down two of this year’s red-hot trades.

A major exchange-traded fund and mutual fund manager finds the winning gold trade isn't talked about as much as the artificial intelligence trade — but maybe it should be.VanEck CEO Jan van Eck thinks the best investment this year is"the hedge against political cycles." To him, that means investing inGold hit another record on Friday, its 37th record this year. As of Friday's market close, it is up 28% since the start of the year.

68-year-old retiree pays $460 a month to live by a lake in Mexico: ‘I found the peace and tranquility I was looking for'"It's like part of people's model portfolios, or core portfolios, is to have this tactical overweight to semis. And some of our biggest clients actually bought on the dip over the last week or two," the VanEck CEO said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why does a CEO matter to a company?Why does a CEO matter to a company?
Source: Investingcom - 🏆 450. / 53 Read more »

CEO of $400 million company: Why I look for ‘hungry' job candidates above all elseKickstarter CEO Everette Taylor says he doesn’t always require job candidates to have prior experience — as long as they’re committed to…
Source: NBCLA - 🏆 319. / 59 Read more »