For markets: Investments that are perceived as “safer” are seemingly gaining popularity with prominent money managers. So, what is the rationale behind them shifting their investment strategies? Gold and government bonds are two examples of perceived safe haven investments and their prices have typically risen in times of crisis. Gold because it is a fungible and durable metal that acts as a store of value, and government bonds because the government is seen as more reliable than businesses that are making less money in times of turmoil.
Originally posted as part of the Finimize daily email.
The top 2 financial news stories in 3 minutes. Join over 400,000 Finimizers