Skip to content
Trending
June 14, 2025Oracle shares pop 13% to record high on earnings beat, cloud optimism June 13, 2025Air India crash: What to know about the first fatal Boeing Dreamliner tragedy June 14, 2025Fed’s inspector general is reviewing Trump administration’s moves to dismantle CFPB June 13, 2025Here are the three reasons why tariffs have yet to drive inflation higher June 10, 2025Lululemon shares tumble 20% as it cuts full-year earnings guidance, citing ‘dynamic macroenvironment’ June 10, 2025RFK Jr. removes all members of CDC panel advising U.S. on vaccines June 14, 2025Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock June 13, 2025Shares of RH jump as luxury retailer takes steps to blunt tariff impact June 12, 2025Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy June 12, 2025U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago
EverydayRead
  • HOME
  • Business
  • Earnings
  • Economy
  • Finance
  • Lifestyle
EverydayRead
EverydayRead
  • HOME
  • Business
  • Earnings
  • Economy
  • Finance
  • Lifestyle
EverydayRead
  Finance  Why this top fund manager says the best investment this year is ‘the hedge against political cycles’
Finance

Why this top fund manager says the best investment this year is ‘the hedge against political cycles’

AdminAdmin—September 23, 20240

Defending the year's two hottest trades: one loud, one quiet

A major exchange-traded fund and mutual fund manager finds the winning gold trade isn’t talked about as much as the artificial intelligence trade — but maybe it should be.

VanEck CEO Jan van Eck thinks the best investment this year is “the hedge against political cycles.” To him, that means investing in gold. 

“It is quietly the best performing asset this year,” Van Eck told CNBC’s “ETF Edge” from the Future Proof conference in Huntington Beach on Monday.

Gold hit another record on Friday, its 37th record this year. As of Friday’s market close, it is up 28% since the start of the year.

More stories

Stock market posts third biggest gain in post-WWII history on Trump’s tariff about-face

April 10, 2025

Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show

May 29, 2025

Fed officials are worried about the inflation impacts from Trump’s policies, minutes show

January 9, 2025

Foreign shareholders traveling to Omaha for Berkshire Hathaway annual meeting face new puzzle

May 1, 2025

Van Eck, whose firm runs the VanEck Gold Miners ETF, expects foreign investments in bullion will continue to give the commodity a boost. It should also help in lifting gold miners higher, which started the year lagging the commodity. But as of Friday, the VanEck Gold Miners ETF has started to outperform, up 31% this year.

“I think you own both because the miners, if they catch up at all, it’s going to rip,” he said.

As for the AI trade, van Eck says it’s “amazing” how investors refuse to give up on it.

“It’s like part of people’s model portfolios, or core portfolios, is to have this tactical overweight to semis. And some of our biggest clients actually bought on the dip over the last week or two,” the VanEck CEO said.

Last month, his firm launched the VanEck Fabless Semiconductor ETF. It’s a companion to its VanEck Semiconductor ETF that excludes companies that run their own foundries, such as Intel.

FactSet reports the new ETF’s top holdings as Nvidia, Broadcom and Advanced Micro Devices as of Friday.

“Why spend billions of dollars on building the chips if you don’t have to?” van Eck said. “Nvidia doesn’t build its own chips. So that’s another kind of investment strategy.”

Since launching on Aug. 28, the VanEck Fabless Semiconductor ETF is up a half percent.

Disclaimer

Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’
Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’
Related posts
  • Related posts
  • More from author
Finance

Fed’s inspector general is reviewing Trump administration’s moves to dismantle CFPB

June 14, 20250
Finance

State AGs led by NY’s Letitia James pressure Meta to clean up investment scams on Facebook

June 12, 20250
Finance

Walmart is using its own fintech firm to provide credit cards after dumping Capital One

June 10, 20250
Load more
Read also
Finance

Fed’s inspector general is reviewing Trump administration’s moves to dismantle CFPB

June 14, 20250
Economy

Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock

June 14, 20250
Earnings

Oracle shares pop 13% to record high on earnings beat, cloud optimism

June 14, 20250
Business

Shares of scandal-plagued Brazilian meat giant JBS rise 3% in U.S. public debut

June 14, 20250
Economy

Here are the three reasons why tariffs have yet to drive inflation higher

June 13, 20250
Earnings

Shares of RH jump as luxury retailer takes steps to blunt tariff impact

June 13, 20250
Load more
© 2023, All Rights Reserved.
  • About Us
  • Advertise With Us
  • Contact Us
  • Disclaimer
  • Cookie Law
  • Privacy Policy
  • Terms & Conditions