-
Swiss pension fund increasing its exposure to gold following dismal bond, equity performance in 2022
The gold market continues to attract new investor interest as one Swiss pension fund looks to diversify its holdings following a dismal year for stocks and bond markets. Thursday, Publica, one of Switzerland's largest pension funds with assets under management of $44 billion, said that it is increasing its exposure to real assets like real estate and precious metals as it expects inflation to remain elevated for the next decade. "An analysis back in 2021 showed that inflation was very likely to be higher in the next ten years than it had been in the preceding decade," the fund said in a press release. "Since ... (full story)