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ETF Manager Renounces Emerging Markets To Pile Into Gold

FYI: What do you do when you’re sure global stocks are running out of gas, rising rates are about to pummel bonds and your models show the only emerging market worth a bet is India? You buy gold, of course.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-04-16/this-etf-manager-renounced-emerging-markets-to-pile-into-gold?srnd=etfcenter

Comments

  • Are U kidding???
    Any one know anything about fun manager Fritz Folts.
    Seems radical to me??

    Gary
  • Looking for information on FRITZ

    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
  • 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?
  • edited April 2018
    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.
  • No one knows more about Emerging Markets than Kevin Carter of EMQQ.
  • 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.
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