FRANKFURT (DEUTSCHE-BOERSE AG) – Turnover is slowly but surely picking up again in fund trading on the Frankfurt Stock Exchange. While profits are being realized in equity portfolios in many cases, gold and US dollar money market funds are on the majority of shopping lists.
September 19, 2024 – “Things have picked up again,” says Matthias Präger, declaring the summer break in fund trading officially over. Investor activity in the precious metals segment in particular has been above average in recent weeks. According to the trader, transactions during the recent rise in the price of gold were particularly striking. The precious metal has reached a new record high of around 2,590 US dollars. Präger observed strong demand for the HANSAgold AC (DE000A0RHG75) and the Earth Gold Fund UI (DE000A0Q2SD8). In contrast, the DJE – Gold & Ressourcen (LU0159550077) and DWS Invest Gold and Precious Metals Equities (LU0363470401) were sold…
