German professional investors are increasingly relying on precious metals

Zurich Numerous large German asset managers want to increase the proportion of gold in their clients’ portfolios in the future. This is the result of a study by the consulting company Truth on behalf of the World Gold Council, which the Handelsblatt has received in advance.

20 fund houses, private banks and family offices in Germany with at least one billion assets under management were surveyed. Overall, the professional investors surveyed manage around $ 370 billion in assets.

Half of all respondents want to increase the gold allocation in the next three years. On the other hand, 35 percent are not planning any changes in the precious metal portion of their customer portfolios in the same period. Only five percent of those surveyed want to sell gold, the rest have not yet made a decision or did not want to answer the question.

The vast majority of those surveyed, a total of 75 percent, have between one and 20 percent of customer assets invested in gold. A majority of those who already hold gold want to increase their stake.