Written 1 days ago
Gold Prices Surge and Related ETF Strength
Recently, gold prices have surged, which, in turn, has boosted relevant ETFs. Key drivers for the rise include geopolitical tensions in the Middle East and a preference for safe-haven assets ahead of the U.S. presidential election, leading to gold prices hitting record highs. Gold has traditionally been recognized as a store of safe value during uncertain times, and the investment community anticipates that the global gold price upswing will continue for the foreseeable future.
Meanwhile, Mirae Asset's 'Gold Investment Type' fund is noteworthy for achieving an average annual return of 25.47% by focusing on gold futures and related ETFs. While individual retirement accounts cannot directly invest in gold futures ETFs, they can do so via variable insurance funds, making it an effective strategy for portfolio diversification and risk management.
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Mirae Asset Life Insurance's 'Gold Investment' Fund Achieves 25.5% Average Annual Yield Amid Rising International Gold Prices - Hans Economy[Hans Economy=Reporter Park Young-seon] As uncertainty in the global economy increases, products that diversify investments in various assets related to gold are also showing an upward trend in performance. Among them, Mirae Asset Life Insurance's 'Gold Investment' fund is recording an average annual yield of 25.47% as of 14th, based on the disclosure of the Life Insurance Association. This fund primarily invests in derivatives that track gold futures prices listed on the US Commodity Exchange and related exchange-traded funds (ETFs), seeking a diversification effect within the portfolio by investing in gold, a representative safe asset. Gold futures ETFs are classified as derivatives and are included in individual retirement pension IRPs and DC-type retirement pensions.
