SMSFs show interest in gold
Recent market turbulence has seen an increase in interest in gold bullion from self-managed superannuation fund (SMSF) trustees.
The uptick in interest in physical gold has been flagged by Taurus Funds Management director, Mohendra Moodley.
Taurus has recently developed a retail product offering exposure to gold, silver, platinum, palladium and some gold equities.
He said that while Australian investors had previously exhibited a reluctance to build significant exposures to physical commodities, there seemed to be a change in attitude flowing from the most recent market volatility.
Moodley said he believed a part of the increased interest in physical gold was based on a realisation that gold equities did not deliver the same outcome.
As well, Moodley said the reluctance of Australian investors to garner exposures to gold and other physical commodities was not replicated in the US or Europe, where reasonable exposures were common - particularly among institutional and family investors.
He said that there had also been increased interest in US and Europe in exposures to physical commodities, at least some of which was based on debt and currency concerns.
AUTHOR
Mike Taylor
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