RAAX: A Buy On Energy, Gold, And The Electricity Buildout

VanEck Real Assets is rated Buy, driven by its diversified exposure to gold, commodities, and electricity infrastructure. RAAX's portfolio now allocates ~20% to electricity buildout, capturing secular AI-driven power demand alongside traditional inflation hedges. Gold is the single largest real asset exposure in RAAX, combining direct and indirect holdings, despite recent drawdowns. Active risk management and dynamic portfolio shifts position RAAX to outperform commodity benchmarks in varied macroeconomic regimes.

The VanEck Real Assets (RAAX) is generally seen as an inflation hedge because of its gold and commodity-dominated positioning. The portfolio is mostly that plus some pipelines, power infrastructure, and other real assets.