Finance · South Africa
Why Coronation Fund Manager Is Avoiding Gold Stocks Now
Moneyweb · 2026/02/02
Summary
Coronation, a leading South African investment fund manager, has decided not to invest in gold stocks or even gold itself at the moment. Despite gold traditionally being seen as a safe investment during uncertain times, Coronation believes current market conditions and future prospects do not make gold and gold stocks attractive. The fund manager is instead focusing on other investment opportunities that could offer better returns. This cautious approach reflects their analysis that gold prices might not rise significantly in the near future. For ordinary South Africans, this highlights the importance of staying informed about where professional fund managers are putting their money, as this can signal broader economic trends. It also reminds investors not to assume that popular assets like gold will always be reliable investments.
OnABudget takeaway: For everyday investors and small business owners, this means it's important to review investment choices regularly rather than just following traditional safe havens like gold. Diversifying investments is key to managing risk and aiming for better returns.