Investors should not sell their gold in the wake of Fed Chairman Janet Yellen's testimony, says David Mazza, Head of ETF Investment Strategy at State Street Global Advisors. Mazza says the yellow metal remains an unloved asset class according to surveys, and it remains a hedge against geopolitical problems. He also says bond ETF investors should consider floating rate notes and senior loans as rates rise. Finally, Mazza advocates increasing emerging markets positions despite higher volatility.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

More from Emerging Markets

U.S. Considers New Tariffs on Imported Vehicles

U.S. Considers New Tariffs on Imported Vehicles

Video: Here's How Global Stocks Can Boost Your Portfolio

Video: Here's How Global Stocks Can Boost Your Portfolio

Wall Street Looks To Extends Gains After Goldman Earnings Beat, China Data

Wall Street Looks To Extends Gains After Goldman Earnings Beat, China Data

China's President Xi Jinping Tells Boao Forum He Supports Opening Markets

China's President Xi Jinping Tells Boao Forum He Supports Opening Markets

U.S. Stock Futures Steady; Asia Stocks Mostly Lower

U.S. Stock Futures Steady; Asia Stocks Mostly Lower