Gold Miners ETF – another way to diversify into gold
EFTs offer flexibility and focus. ETFs trade throughout the day like stocks which allows investors to move in and out of ETFs quickly and easily.
The VanEck Gold Miners ETF is a tightly focused ETF in the gold sector. The VanEck Vectors Gold Miners ETF (NYSEArca:GDX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (GDM). The Index is intended to track the overall performance of companies in the gold mining industry.
Top 10 holdings of the fund:
| Holding Name | Ticker |
|---|---|
| Barrick Gold Corp | ABX.US |
| Newmont Mining Corp. | NEM.US |
| Franco-Nevada Corp. | FNV.US |
| Newcrest Mining Ltd. | NCM.AU |
| Goldcorp Inc. | GG.US |
| Agnico Eagle Mines Ltd. | AEM.US |
| Wheaton Precious Metals Corp. | WPM.US |
| Rand Gold Resources Ltd. | GOLD.US |
| Royal Gold Inc. | RGLD.US |
| Kinross Gold Corp. | KGC.US |
The bulk of the top ten companies are located in the US. The holdings will vary from time to time. For more information please go to VanEck website.
These are not recommendations to buy or sell any security.
Below is a price chart of the ETF:
Weekly price chart of GDX – Gold Miners VanEck – WE August 18, 2017
