VanEck Gold Miners ETF (GDX)
|The Precious Metal Regains its Lustre|
|Hawkish Fed, Sluggish Dollar, and a China Gold Bug|
|Gold: The portfolio standard|
About this Fund
|FUND MANAGER||VanEck Investments|
|ASSET CLASS||EXCHANGE TRADED FUNDS|
The Fund gives investors exposure to securities of companies involved in the gold mining industry.
GDX aims to provide investment returns before fees and other costs which track the performance of its Reference Index in Australian dollars.
|BENCHMARK||NYSE® Arca Gold Miners Index|
|FUND SIZE||NYSE® Arca Gold Miners Index|
|NO. OF HOLDINGS||100+|
Van Eck Associates Corporation is a privately held global asset management firm founded in New York in 1955. The firm was among the first US money managers helping investors achieve greater diversification through global investing. Today VanEck is recognised for being a pioneer in global markets and for drawing on its experience to offer innovative solutions. VanEck’s mission is to offer investors intelligently designed investment strategies that take advantage of targeted market opportunities.
The Fund provides investors with:
Compared to unlisted actively managed funds, investors benefit from:
|RISK LEVEL||High to Very High|
This product is likely to be appropriate for a consumer seeking capital growth to be used as a satellite component within a portfolio where the consumer has a medium or long investment timeframe and needs daily access to capital.
About the Fund
The VanEck Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The Index is intended to track the overall performance of companies involved in the gold mining industry.
The NYSE Arca Gold Miners Index is a modified market-capitalisation weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The weight of companies whose revenues are more significantly exposed to silver mining will not exceed 20% of the Gold Miners Index.
How we invest your money
To achieve this investment objective, GDX employs a passive management strategy of investing in the NYSE-listed GDX issued and operated by VanEck in the United States.
Effective market open on 13 May 2022, GDX will be physically replicating the Reference Index by investing directly in the securities that comprise the Reference Index, in proportion to their relative weightings in the Reference Index.