Seven Investment Management (7IM) has increased its exposure to gold to levels unmatched in the firm's history, as it looks to shield itself from elevated market risks.
7IM CIO Chris Darbyshire said last week that the firm was employing "risk off" positioning and that its "seatbelts are fastened". Data released by the firm on Tuesday shows that its gold exposure is currently greater than that of Ireland, the United Arab Emirates, and Czech Republic. Update: FTSE falls further as US-North Korean tensions continue Investment manager at 7IM, Ben Kumar added: "We own 15.4 tonnes of gold. "That is 28 cubic feet, which would take up about half the space under my desk." He added that the 7IM AAP Balanced Fund holds 3.7 tonnes of gold - equivalent t...
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