BlackRock Backs Gold to Hedge Market RiskBy
Traders are underpricing political risks, Koesterich says
Gold has surged 8 percent in 2017 on an uptick in haven demand
Investors should probably be a little more nervous, according to one BlackRock Inc. money manager.
Stocks have rallied to records amid signs of stabilization in China’s economy and bets that President Donald Trump will boost U.S. infrastructure spending, roll back regulations and cut taxes. While the stock surge and below-average volatility show investors are more optimistic, markets are underpricing global political risks, said Russ Koesterich, who helps manage the $41 billion BlackRock Global Allocation Fund. He recommends gold as insurance…
Leave a Reply
You must be logged in to post a comment.