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Fund managers dump bullion for gold shares

Posted on 03 October 2012

Professional investors who want exposure to gold are starting to put their money in gold-related shares rather than the metal itself. Gold shares are being snapped up by fund managers in place of bullion, as the derating that has occurred over the past three years looks to right itself.
Alastair Mundy who runs the Investec Cautious Managed fund and Jon Rebak who runs HSBC Open Global Distribution have increased their exposure to gold shares and reduced exposure to gold bullion. Troy Trojan multi-asset manager Sebastian Lyon has gold shares and gold bullion dominating his top holdings………………………………………..Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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