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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.


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

  • Looking for information on FRITZ

    Personal Information
    Connecticut College Graduated
    Instituto de Estudios Superiores MBA

    Instituto de Estudios Superiores de Administración
    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.
    Founded: 1965

    This is the end of my research

  • 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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