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ETF Manager Renounces Emerging Markets To Pile Into Gold
Personal Information Education Connecticut College Graduated Instituto de Estudios Superiores MBA
Instituto de Estudios Superiores de Administración School The Instituto de Estudios Superiores de Administración is a private non-profit Venezuelan business school with campuses in Caracas, Maracaibo and Valencia. It was founded in 1965. It has its own publisher, Ediciones IESA. Wikipedia Founded: 1965
Stay with Andrew Foster who has long proven track record in EM at Matthews and Seafarer. Swing in and out of EM is not investing- one has to get it "right" twice. How many active manager can do that well?
The gal who wrote this is a real wordsmith. Checked a few dictionaries and “renounce” does fit - but is usually reserved for more serious circumstance - like a Prince renouncing his claim to the throne.
Be that as it may ... what in #*#! does “pile in” mean here? I can’t think of a more volatile investment than gold. The stuff can go up 35% one year and down just as much the next year. Anyone care to ride a fund that’s very heavily weighted in the stuff? So what does Fritz really have in the way of gold? 20%? 40%? 80%?
Sad that Bloomberg chose to put this article up on their website. A potentially very misleading read.
This is his name: "DeFred G. Folts III, Fritz" as it appears on 3EDGE's site. The asset manager runs strategies for private individuals and institutions, using ETFs.
Comments
Any one know anything about fun manager Fritz Folts.
Seems radical to me??
Gary
Personal Information
Education
Connecticut College Graduated
Instituto de Estudios Superiores MBA
Instituto de Estudios Superiores de Administración
School
The Instituto de Estudios Superiores de Administración is a private non-profit Venezuelan business school with campuses in Caracas, Maracaibo and Valencia. It was founded in 1965. It has its own publisher, Ediciones IESA.
Wikipedia
Founded: 1965
This is the end of my research
Gary
Be that as it may ... what in #*#! does “pile in” mean here? I can’t think of a more volatile investment than gold. The stuff can go up 35% one year and down just as much the next year. Anyone care to ride a fund that’s very heavily weighted in the stuff? So what does Fritz really have in the way of gold? 20%? 40%? 80%?
Sad that Bloomberg chose to put this article up on their website. A potentially very misleading read.