Major Canadian asset managers are turning to gold at an unprecedented pace as an essential portfolio diversifier and hedge against growing market risk and volatility, according to an executive at State Street Global Advisors.
Major Canadian asset managers are turning to gold at an unprecedented pace as an essential portfolio diversifier and hedge against growing market risk and volatility, according to an executive at State Street Global Advisors.
In a recent presentation in Montreal, Bobby Eng, head of SPRD ETF business development Canada said that his firm has seen Canadian investment demand grow by approximately $2 billion for SPDR Gold Shares, (NYSE: GLD), the world’s largest gold-backed exchange traded product.
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