This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+241014
Categories:Investments

Adviser appetite for gold and absolute return wanes

  • Print
  • Comment

Positive sentiment towards gold and absolute return funds has decreased since the summer, according to a survey conducted by Barings Asset Management.

The Barings’ Investment Barometer survey, carried out between October 3 and November 8, gathered 120 advisers responses about current economic outlook and their views of major asset classes. 

Favourability towards gold has decreased by 12 per cent since the last survey, conducted between June and July, from 71 per cent to 59  per cent.

Nearly 12 per cent fewer advisers are recommending clients increase exposure to absolute return funds since the last survey, 18 per cent of advisers compared to 30 per cent in the last survey. 

Bestinvest senior analyst Ben Seager-Scott says: “Over the summer, the biggest issue worrying investors was inflation. People thought growth was going to come down and so assets that need growth like equity looked less attractive than absolute return.”

He adds: “Since the sell-off in equity markets in the summer, people are looking at equities more than when they are more worried about inflation and growth prospects.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Do you think Citizens Advice is capable of delivering a good at-retirement guidance service?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments