Gold retains fairest value ranking from investors

Gold remained the asset class considered by investors to offer fairest value for the sixteenth quarter in a row, according to CFA UK’s valuations index for the first quarter of 2018.

The survey, which measures perceptions of the value of equities, bonds and gold and to which 209 CFA UK members responded, saw a 3.64 percentage point rise to 49.76% in the number of investors who thought the precious metal represented fair value, up from 46.12% in the last quarter of 2017.

Roughly equal numbers of respondents thought that the commodity was either over- or undervalued.

The survey also found that investor perception of developed market equity overvaluation has dropped from the previous quarter but the proportion of investors identifying government bond overvaluation has risen.

CFA UK chief executive Will Goodhart said: “Global financial markets are currently experiencing a period of instability, as factors like the imposition of tariffs by the US, potential interest rate rises and geopolitical uncertainties all disrupt the normal state of play.

“The vast majority of our respondents consider bonds and developed market equities to be overvalued and, out of the core five asset classes included in our survey, now see gold as a more attractive option.”

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST