Similar to the long-term US Treasuries, it proved to be one of the best assets for diversification and protection against market downturn and most importantly a hedge against fiat currency depreciation.
With these ideas in mind, StashAway announced to increase the exposure of gold in some portfolios, after the precious metals’ inception into the portfolios since December 2017. For the Risk Index 30 portfolio, the exposure of gold via SPDR Gold Trust (GLD) ETF has increased from 8 to 20%. This is the most positive optimization move in my opinion.
Introduction of Chinese Internet Companies Exposure
Another major move by StashAway: In the midst of resurgence of the tensions between the U.S. and China following the COVID-19 “blame game”, they have introduced the KraneShares CSI China Internet ETF (KWEB) into the equity bucket which includes companies such as Alibaba, Tencent and Baidu.
Just recently, the U.S. Senate