Individual and institutional investors keep their eyes on new assets

At a recent conference held by VIR, Lina Nguyen, development manager of Exness Investment Bank, said, “Commodities are one of the bright spots of the economy, which will see further growth in the second half of 2024. Among them, gold maintains a special place in multi-asset management. As of the end of June 2024, gold had climbed 16 per cent from the beginning of the year. Gold traded at over $2,300 per ounce during the second quarter. Experts predict gold will climb to $2,500 per ounce at the end of this year when central banks continue strong purchases and investments in Asia, especially China and India. This will be coupled with a wave of investments from western investors, driven by interest rates, recession risks, and geopolitics.”

She added that financial institutions still prefer gold for several reasons, such as interest rate policies, deflation, economic growth near year-end, geopolitics, and jewellery shopping demand in economies like China and India. Gold remains a safe-haven asset and ranks first in their investment portfolios.

“Another trend is that these institutions will focus on large-cap stocks related to AI, technology, and chip making. Major investor groups always hold these stocks,” she added.

Notably, institutional investors have accepted a high-risk appetite to seek investments in new areas like digital assets. A new development reflects the dynamics of cash flows in the bitcoin market. Over the past one to two weeks, over $1.2 trillion has been poured into bitcoin ETFs, and the US Securities and Exchange Commission has approved the first spot Ethereum ETF. Trading on this ETF began on July 23, 2024. The cryptocurrency market has escaped a frozen period and sent positive signals, according to the Exness Investment Bank representative.

Individual investors also share the same interest as institutional investors. However, they remain hesitant because of a lack of information and knowledge, so they are taking a “wait-to-see” approach, she added.

Choice grows for Vietnam’s investors Investors are looking for opportunities in both traditional and more modern areas. Trinh Ha, a financial market analyst from Exness Investment Bank, talked to VIR’s Thy Nguyet about some of the options available.

Financial management training should start in schools Teaching young people about wealth management while they are still in school would lead to a more financially sound future in Vietnam.

AI and digital assets offer new investment opportunities More investment opportunities will emerge from technology, such as AI to digital assets, in the second half of 2024, according to an industry insider.