Quilter WealthSelect reduces gold exposure in unscheduled rebalance

The unscheduled rebalance, which happened prior to gold price plummeting on Friday (30 January), locked in profits from the recent outperformance and saw capital reallocated into areas that have lagged. In the Managed range, holdings in the Quilter Investors Precious Metals Equity fund and the Quilter Investors Natural Resources Equity fund were brought back to model weight. Meanwhile, in Responsible, profits were primarily taken from the Janus Henderson Horizon Responsible Resources fund.  Stuart Clark, portfolio manager of WealthSelect, said that because gold, silver and copper h...