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Increasing number of regional asset owners see gold as ‘core asset’ for the long term
MORE investors across Asia-Pacific are treating gold as a core asset in their portfolios, according to a survey by State Street Global Advisors (SSGA) and the World Gold Council (WGC).
The Gold Perceptions Survey released on Wednesday (Jun 26) found that some 27 per cent of asset owners in Apac expected to increase their gold investments within the next 12 to 18 months – higher than the 21 per cent in North America.
This suggests an increasing number of asset owners in the region using gold as a core asset for long-term investment, said Robin Tsui, Apac gold strategist at SSGA.
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