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Updated 03:30 26/10/20

Lord Rothschild increases his exposure to gold bullion

By Duncan Richardson, News Editor

16 Aug 2016

Jacob Rothschild’s Investment Trust, RIT Capital Partners, has dumped its sterling backed investments and increased their holdings in absolute return funds and physical gold.

The trust has been reviewing its asset allocation in the wake of Brexit and increased geopolitical tension. Rothschild sold £2.5 billion of sterling related assets reducing the trust's exposure in the British pound from 43% to 34%.

The trust increased its U.S dollar exposure to 57% and the funds gold exposure now stands at 8%. The trust has returned a 58% return in the last three years and the legendary Rothschild family has a 21% stack in the fund.

The Rothschild family is believed to be one of the world’s richest families and known to many as the architect of modern finance. After running the gold fix from their London offices for nearly a hundred years the family was regularly accused of manipulating the gold price.

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