But while institutions have been on a buying spree, there is one asset they have neglected.

And, best of all, there's no risk attached to owning it.

Best Performing Asset Ignored

This asset is considered the best investment of 2016. It's outperformed the S&P 500 and USD by 19% and 29%, respectively. It is also the only financial asset that is not simultaneously someone else's liability.

That asset is gold. Up 26% year to date. However, as a percentage of global financial assets, it is near all-time lows.

Gold made up 5% of global financial assets in 1960. Today it is a meager 0.58%.

If that figure returned to its 1980 figure of 2.74%, that would translate into an additional $2.5 trillion flowing into gold and gold stocks. That's eight times the current market cap of the entire gold industry, which now stands at $324.4 billion.