At First Eagle, we have received many questions about sustainable investing from investors and investment professionals. To help answer these questions, we asked Thomas Kertsos, co-portfolio manager of the Gold Fund, and Max Belmont, research analyst for the Gold Fund, to discuss their thinking in this area.
In this paper, we explain gold’s power as a potential hedge, examine its history, consider the advantages and disadvantages of bullion, gold stocks and ETFs, and explore the differences between hedging and speculating.
In this PMs’ Perspective, Portfolio Managers Mark Cooper and Manish Gupta explain how they are applying First Eagle’s value philosophy to the universe of international small-cap stocks. Research Analysts Shan Wang and John Masi join them to discuss companies the team has chosen.
At First Eagle, we’ve received many questions about sustainable investing from both institutional investors and consultants. To help answer them, we asked Julien Albertini, a research analyst on the Global Value team, to discuss the team’s thinking in this area.
While the gold price has been volatile over the last year, it has remained above the lows reached in 2015. In this brief commentary, Portfolio Manager Thomas Kertsos and Research Analyst Max Belmont offer their insights into current trends.