29
September
Gold a trump card for pension funds
29 September 2010 Reuters
nvesting in gold is likely to be a winning strategy for pension funds whether spot prices of the precious metal rise or fall, the gold fund manager of the Teacher Retirement System of Texas told Reuters on Sunday.
Speaking on the sidelines of the London Bullion Market Association's annual conference here, Shayne McGuire, director of global research at the TRS, said a lack of correlation with other assets made the metal a key portfolio diversifier.
