Franklin Templeton's announcement it will buy Lexington Partners, a private equity fund manager, for $1.75 billion, comes on the heels of T. Rowe Price's $4.2 billion purchase of Oak Hill Advisors.
Fifty years after the free market for gold was created, the precious metal remains a reliable asset for portfolio protection through periods of high inflation and volatility, according to State Street Global Advisors’ chief gold strategist.
The record-setting year of the ETF keeps getting stronger. Assets in U.S.-listed funds were $6.99 trillion at the end of October, up sharply from the end of 2020.