- Vast Majority of Advisors (87%) Currently Allocate Assets to
Gold
- Role as a Portfolio Diversifier is Top Reason Cited For An
Allocation to Gold
- Physically Backed Gold ETFs Attract Most Assets
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT) and the World Gold Council,
today released the results of its Gold Perceptions Survey, which is
designed to better understand how current market conditions are
impacting perceptions of gold across investor cohorts. According to
the research, 29% of financial advisors in North America plan to
increase allocations to gold over the next 12 to 18 months, 62%
report their allocations to gold are expected to remain the same
and 9% believe they will decrease the percentage of client assets
invested in gold.
“While interest rates are widely expected to be cut during the
next 12 months, advisors’ allocations to gold have remained fairly
consistent,” said George Milling-Stanley, Chief Gold Strategist at
State Street Global Advisors. “This suggests that a growing
majority of advisors are using gold as a core asset for long-term
investment horizons, which is where it shines in the context of a
well-balanced, diversified portfolio.”
Across all North American financial advisors, nearly 9 in 10
(87%) advisors currently allocate assets to gold. Among those with
gold exposure in client accounts:
- 32% have less than 1% of total client assets under management
allocated to gold;
- 56% have between 1% and 4.9% of assets allocated to gold;
and
- 13% have 5% or more of assets allocated to gold.
The vehicle of choice for allocating assets to gold is
physically backed gold ETFs, which on average account for 40% of
advisors current investments in gold, followed by gold mining ETFs
(16%), gold mutual funds (16%), and index or multi-asset funds that
include gold or gold-mining stocks (16%).
"The recent gold price rallies have piqued investor interest,
and with good reason amidst today's economic and geopolitical
uncertainty," said Joseph Cavatoni, senior market strategist at the
World Gold Council. "Many investors and advisors alike used to look
at specific factors, like interest rates and the dollar, in
isolation when considering an allocation to gold. But as a global
asset with a multitude of both strategic and tactical drivers that
are supporting demand, a strong case can be made for gold in the
year ahead.”
The top three reasons cited by financial advisors for investing
in gold or increasing exposure to the precious metal include:
- Gold is a proven diversifier, especially in periods of
financial turmoil and economic uncertainty (48%)
- Gold has stood the test of time as a safe and proven store of
value (36%)
- Our clients express a desire to invest in gold (35%)
Conversely, the most frequently cited barriers that hinder
investment into gold include:
- Gold does not pay coupons or dividends (54%)
- Gold's intrinsic value is difficult to calculate due to a lack
of an established model (28%)
- Gold is viewed as a speculative investment (26%)
About the Gold Perceptions Survey
State Street Global Advisors and the World Gold Council
conducted a survey of 400 financial advisors in North America with
$100 million or more in total assets during the Fourth Quarter of
2023. Respondents were evenly split between wirehouses, Independent
Broker-Dealers, and Registered Investment Advisors.
About World Gold Council
We are a membership organisation that champions the role gold
plays as a strategic asset, shaping the future of a responsible and
accessible gold supply chain. Our team of experts builds
understanding of the use case and possibilities of gold through
trusted research, analysis, commentary, and insights. We drive
industry progress, shaping policy and setting the standards for a
perpetual and sustainable gold market. You can follow the World
Gold Council on X (Twitter) at @goldcouncil and LinkedIn.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the
world’s governments, institutions and financial advisors. With a
rigorous, risk-aware approach built on research, analysis and
market-tested experience, we build from a breadth of index and
active strategies to create cost-effective solutions. As pioneers
in index and ETF investing, we are always inventing new ways to
invest. As a result, we have become the world’s fourth-largest
asset manager* with US $4.34 trillion† under our care.
*Pensions & Investments Research Center, as of 12/31/22.
†This figure is presented as of March 31, 2024 and includes ETF
AUM of US $1,360.89 billion USD of which approximately US $65.87
billion USD is in gold assets with respect to SPDR products for
which State Street Global Advisors Funds Distributors, LLC (SSGA
FD) acts solely as the marketing agent. SSGA FD and State Street
Global Advisors are affiliated. Please note all AUM is
unaudited.
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and it should not be relied on as such. It should not be considered
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fluctuate in market value and may trade at prices above or below
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FINRA, SIPC
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Street Global Advisors Funds Distributors, LLC, One Iron Street,
Boston, MA 02210
6498379.1.1.AM.RTL Exp. Date: 06/30/2025
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version on businesswire.com: https://www.businesswire.com/news/home/20240610774929/en/
Deborah Heindel 617-662-9927 dheindel@statestreet.com
State Street (NYSE:STT)
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