Our flagship funds

The end of the classic balanced portfolio is not a market opinion, it is a geopolitical fact. For forty years, asset allocation rested on a simple equity/bond split, the famous 60/40, in which bonds cushioned every equity shock. That equilibrium itself rested on three assumptions that vanished between 2022 and 2026. In this new regime, gold and its producers become again the neutral pillar of an all-weather allocation: structural sovereign demand, record operating margins, and valuations near their historic lows.

• •The end of the balanced portfolio: real assets replace bonds
• •Critical metals: at the heart of the fight for intelligence, energy and sovereignty
• •Gold, the neutral pillar of an all-weather allocation: The only asset validated across every regime