A major ETF and mutual fund manager has discovered that profitable gold trading isn't talked about as much as AI trading — but maybe it should be.
Van Eck CEO Jan van Eck believes the best investment this year is “hedging against political cycles.” For him, that means investing gold.
“It’s the best performing asset this year,” Van Eck told CNBC’s “ETF Edge” during the Future Proof conference in Huntington Beach on Monday.
Gold hit a new record on Friday, its 37th this year. By Friday’s market close, gold was up 28% year-to-date.
Van Eyck, whose company runs VanEck Gold Miners ETFStandard & Poor’s expects foreign bullion investment to continue to provide a strong boost to the commodity. That is also expected to help lift gold mine prices, which started the year behind commodities. But as of Friday, VanEck Gold Miners ETF It has started to outperform, up 31% this year.
“I think you have both because the miners, if they ever catch up with them, will tear them apart,” he said.
As for AI trading, Van Eck says it's “amazing” how investors refuse to give up on it.
“It’s kind of like part of people’s model portfolios, or core portfolios, that are tactically overweight semi-traded stocks,” said VanEck’s CEO. “Some of our biggest clients have actually been buying the dip over the last week or two.”
Last month, his firm launched the VanEck Fabless Semiconductor ETF, a companion fund to the VanEck Fabless Semiconductor ETF. Van Eck Semiconductor ETF This excludes companies that operate their own factories, such as: Intel.
FactSet Report on New ETF Top Holdings Nvidia, Broadcom and Advanced Micro Devices As of Friday.
“Why spend billions of dollars building chips if there’s no need for them?” Van Eck said.Nvidia “The company doesn’t make its own chips. So this is another type of investment strategy.”
Since its launch on August 28, the VanEck Fabless Semiconductor ETF has gained half a percent.
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