 "Gold, Precious metal")
Multi-asset allocation fund managers have raised the allocation towards gold in the past few months, given the optimistic outlook for the yellow metal amid a slowdown in the global economy.
An analysis of multi-asset portfolios shows that a majority of the schemes have raised the weight of gold in their portfolios between 1 percentage point and 6 percentage points in the November-December 2022 period.
“We have decreased our directional equity portion meaningfully in the past few months due to higher valuation. Exposure to gold has gone up as a shift in the interest-rate cycle or expectations of it have historically
