Pension Funds Turn to Gold Amid Geopolitical Uncertainty

Gold has caught the attention of some pension funds as they reassess their portfolio construction strategies in light of geopolitical tensions, inflation shocks, and a less reliable equity-bond correlation.

The SPDR Gold Shares ETF (GLD), among others, has been considered by these fund managers as they strive to build more resilient portfolios.

Gold is often viewed as an inflation hedge, although its performance in this regard can depend on the time period examined and the specific measure used.