The Gold Exposure of Institutional Investors

UNIVERSITY OF TECHNOLOGY SYDNEY
Finance Department
Research Seminars in Finance

dirk

Topic: The Gold Exposure of Institutional Investors

Speaker: Dirk Baur, the University of Western Australia

Venue: On campus | Face to face seminar in room CB08.08.002, Building 8, University of Technology Sydney, Australia (Map of campus) 

Abstract: What is the optimal weight of gold in an investment portfolio? Suggestions range from 0% to more than 20%, but there is no study that systematically investigates this issue. We analyze the gold holdings (gold ETFs) of institutional investors based on 13-F filings and find that 30% of all institutions have at least some exposure to gold in their portfolio, with an average percentage holding of 1.7% with large differences across institutions and over time. The results further identify key determinants of gold holdings and demonstrate that gold holdings positively affect the performance of institutional investor portfolios.

Moderator: Lorenzo Casavecchia

Download paper

Seminar protocols:

  • The seminar will run for 45 minutes, followed by a 15 minute Q&A session
  • There will be a moderator for each seminar event, who will facilitate communication and resolve any issues
  • Participants can raise their hand to ask questions during the presentation. The moderator will then alert the speaker at the appropriate time and either ask the questions raised or they can ask the question directly to the presenter

You can also keep up-to-date on information about our seminar series by following our LinkedIn page or checking out our seminar webpage.
If you would like to be removed from our seminar mailing list, please click here.


Co-ordinator: Kenny Phu

Enquiries: Duncan Ford

Back to Finance seminars
Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.