The following upcoming webinars are presented by the CFA Institute and there is no cost to attend.
Members are encouraged to pass this invite onto colleagues regardless of membership status.
Join Gerald R. Jenson, CFA, and Kenneth M. Washer, CFA, as they discuss their research on the recent CFA Institute Financial Analysts Journal® article, All That's Gold Does Not Glitter. Spurred by economic uncertainty, interest in precious metals has increased dramatically. Investors target precious-metal funds for two primary reasons: (1) to capture an expected appreciation in precious-metal prices and (2) as a form of portfolio insurance. The authors compare the advantages and disadvantages of traditional funds with those of newer types of funds, including bullion, synthetics, and equity. They find tremendous variation in both fund returns and efficacy in serving the two primary investor motivations. Their findings imply that the success of a commodity investment hinges on the type of fund selected.