FYI: Financial risks are adding up. Trade battles with China, the surprising vulnerability of Middle East oil supplies, the duration of Hong Kong protests, the drawn-out Brexit dilemma are all drags on business confidence and economic growth. In recognition, the Federal Reserve just cut interest rates for the second time this summer and remains on alert.
Another largely unrecognized concern? In August, for the first time in history, assets in passive equity funds based in the U.S. surpassed holdings in actively managed funds. The most popular passive funds are overwhelmingly dominated by a small group of mega-cap stocks, especially the tech giants such as Microsoft, Apple, Amazon, Alphabet (Google), and Facebook. The fate of many investors’ portfolios hinges on the performance of this small group of mega stocks that have already had a record-setting run.
Global value investor Chuck de Lardemelle explains how he is de-risking his portfolios including the essential role gold is playing in the process.
Regards,
Ted
https://wealthtrack.com/the-importance-of-gold-in-de-risking-portfolios/M* Snapshot IVWAX: (Closed To New Investors ?)
https://www.morningstar.com/funds/xnas/ivwax/quoteLipper Snapshot IVWAX:
https://www.marketwatch.com/investing/fund/ivwaxIVWAX Ranks #27 In The (WA) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/world-allocation/iva-worldwide-fund/ivwaxM* Snapshot IVIOX:
https://www.morningstar.com/funds/xnas/iviox/quoteLipper Snapshot IVIOX:
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https://money.usnews.com/funds/mutual-funds/foreign-large-blend/iva-international-fund/iviox
