Unlike emerging-market mutual funds, ETFs don’t have the option of holding cash, so if they get outflows, they have to sell the underlying bonds in the index they track.
ZKB’s four funds, all listed in Zurich and all focused on owning physical precious metals, have an average of $1.9 billion in assets.
“European stocks currently offer more value for money than American stocks,” Finland's Timo Ritakallio says.
In dollar terms, British stocks have underperformed every developed index in the world.
The rise of a hostile U.S. president sent stocks, bonds and the peso reeling. That was then.
Amid Brazil's own political chaos, there are investing opportunities.