CMG Total Portfolio on theStreet

Steve Blumenthal, CEO, CIO, CMG Capital Management Group, on theStreet with Gregg Greenberg

CMG Total Portfolio on theStreet

Steve Blumenthal, CEO, CMG Capital Management Group Inc. on theStreetSteve Blumenthal, CEO of CMG Capital Management Group, talks with Gregg Greenberg about some of the ETFs in the CMG Total Portfolio. See the segment here: Four Hot ETFs With Strong Relative Momentum

Gold has been shining so far in 2016, rising 16% compared to a flat S&P 500. Blumenthal does not expect gold to lose its luster anytime soon. “We view gold as a hedge against the irresponsibility of central banks,” said Blumenthal, adding that it is in a “cyclical bull trend.” Blumenthal has a 5% gold weighting within CMG’s total portfolio solution, owning the Van Eck Merck Gold ETF (OUNZ) . He said he could take that position up to 10% considering the precious metal’s momentum. He is also bullish on the SPDR Dow Jones REIT ETF (RWR),, which is up 3% so far this year thanks in large part to increasingly dovish talk by the Federal Reserve.

Mark Rose

Founder Finsquared, The New Equation in PR.