Investment in gold may protect against currency falls; managers recommend funds as a hedge against devaluations because metal is priced in dollars
Article Abstract:
Fund managers recommend holding onto gold or gold funds as a way of insuring against further currency devaluations. They believe that the potential upswing for gold prices is inevitable after 14 years of staying at very low levels. Another factor that they took into consideration is the traditional reverse trend between the value of gold and the direction of stocks. At the time when stocks are doing poorly, investors are more inclined to invest in gold or other precious metals.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Consolidation fear strikes: few funds dominate emerging-markets arena
Article Abstract:
Emerging-market mutual funds are consolidating into a handful major players. The merger has worried several investment advisers that the mutual funds are getting too extensive to effectively control. The 10 biggest emerging-market fund firms worldwide represent 50% of the cash invested in all such funds, with the biggest fund, Capital Group's Emerging Markets Growth Fund, accounting 12 of all emerging-market assets.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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