Currently viewing Global edition

Gold fund manager says metal a 'new asset class'

Gold is a relatively new asset class which is one of the principle reasons why it does not figure the investment matrix of many investment funds, Shayne McGuire, portfolio manager, emerging markets and gold fund at Teacher Retirement System (TRS) of Texas, has told delegates at the 2020 Americas Gold Forum.

Gold fund manager says metal a 'new asset class' Gold fund manager says metal a 'new asset class' Gold fund manager says metal a 'new asset class' Gold fund manager says metal a 'new asset class' Gold fund manager says metal a 'new asset class'

Shayne McGuire of TRS gives his keynote

McGuire said gold had only been investible since 2003 when the first exchange traded funds formed, and gold got a ticker. "Until 1933, gold had a fixed price so was not really investible.