7
December
Commodity funds get physical
7 December 2009 The Financial Times
The price of gold continues to trade at fresh highs, so the fact that a quarter of global fund managers say it is overvalued should come as no surprise.
According to the results of Bank of America Merrill Lynch’s November fund manager survey, which polled 218 managers with some $530bn of assets under management, 25 per cent say the asset class was too expensive – up from 11 per cent in October when the same managers were asked.
http://www.ft.com/cms/s/0/d6860222-e0d6-11de-9f58-00144feab49a.html
