By
Charles Mwaniki
Business Reporter
Nation Media Group
Two funds that allow investors to buy gold and top global firms like Nvidia, JPMorgan Chase, and Apple at the Nairobi bourse have made returns of up to 24 percent in the past year.
Gold and global stocks lift NSE funds return up to 24pc
Rising demand for shares by local investors, including fund managers, has driven the equities gains, allowing them to outperform the alternatives such as bonds, real estate and ETFs.
TL;DRAI
Satrix MSCI World ETF and Absa NewGold ETF returned 24% YoY; Nvidia, Apple, Microsoft, Amazon drove 13.9% global rebound amid geopolitical tensions. For tech-focused managers: big tech and gold outperform bonds/real estate during crisis, signaling capital flight to safe havens.
774 words~4 min read
