Multi-asset allocation funds have surprised investors by outperforming pure equity funds. These funds invest in at least three asset classes, including gold and silver. Their allocation to precious metals, which saw a sharp rally, drove their strong performance. Investors seeking automatic asset allocation can consider these funds. The Indian mutual fund industry has 32 such schemes.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation