Jan van Eck's strategy is to find a twilight zone midway between active and passive management. The result: hot funds that dare to be different
he broad-market index funds championed by the late John Bogle have a problem. They’re boring. For sizzle, go to Van Eck Associates Corp.
Jan van Eck in New York City’s Tribeca neighborhood. When his money-manager brother died young of ALS, he had to carry on the business solo.One of Van Eck’s funds follows a handcrafted index of Chinese companies that omits the banks and state-run enterprises that dominate mainstream indexes. It has climbed 36% this year.
Is that a prudent way to invest? Maybe. The answer coming from Jan van Eck, the cautious 55-year-old Stanford law graduate who presides over this empire of risk, is dutifully circumspect. “A steel ETF is not designed for the average retirement plan,” he intones. “It’s a tool for portfolio managers.” How did a smallish money manager wind up with the first, and sometimes still the only, ETF for faraway places like Egypt? Or for a category covering obscure minerals mined in Australia? “We’re an American firm, but we’ve always had an international perspective,” Van Eck says.
Governments borrow money and governments print money, Von Mises lectured. That’s a recipe for inflation. Take refuge in hard assets. Jan van Eck continues to extract value from hard assets, with funds devoted to bullion, larger gold miners, inflation hedges and natural resource producers. He also has returned the company to its globalist roots. Among his overseas adventures are a German subsidiary designing custom indexes and a Dutch operation selling ETFs to Europeans. The lineup for U.S. customers includes, besides single-country funds, six ETFs that hold overseas bonds.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Suspected kidnapper made Boston woman pose for selfies, read from Bible, officials sayA man suspected of kidnapping a Boston woman who vanished after leaving a nightclub forced her to drink alcohol, pose for photos and read from the Bible in Spanish during the three days she was held captive in his apartment, prosecutors say.
और पढो »
Market sees nearly 50% chance of a Fed rate cut by the end of January 2020The fed funds futures market is assigning a 48.9 percent probability of at least one rate cut by Jan. 29.
और पढो »
Stocks edge lower on growth worriesU.S. stocks started the week lower, adding on to their losses from Friday when all three major benchmarks recorded their worst one-day drop since Jan. 3. The...
और पढो »
After discrimination charges, Facebook making big changes to its ad systemTracy Jan explains expected changes to Facebook’s targeted ad system. Kate Woodsome on married couples in bureaucratic limbo because of Trump’s travel ban. Anna Fifield on the power of Haka.
और पढो »
Cramer Remix: You can't invest in Kylie Jenner, but this stock could helpJim Cramer reveals how Ulta Beauty is profiting off of its partnership with the billionaire mogul and how it could benefit your portfolio.
और पढो »
Passive investing now controls nearly half the US stock marketMarket share for passively managed funds has risen to 45 percent, up a full point from June 2018, according to data this week from Bank of America Merrill Lynch.
और पढो »
Baby boomers, heavily invested in stocks, are putting retirement savings at risk: StudyMany people approaching retirement age today are heavily invested in stocks, potentially leaving their savings vulnerable to the next recession.
और पढो »
Shaq joins Papa John's board: 'Everyone loves pizza, and pizza loves everyone.'“Shaq crosses demographics, interests — and he has no scandal, which is something Papa John’s needs right now,” said one marketing expert.
और पढो »
Stocks making the biggest moves premarket: Tiffany, Hibbett Sports, Nike, Gamestop & moreSome of the names on the move ahead of the open.
और पढो »