New Gold Miners ETF Eliminates ‘Other Metals’ (GGGG, GFI, KGC, AU, EGO, HMY)
There is a new gold ETF on the market. Yesterday marked the launch of the Global X Pure Gold Miners ETF (NYSE: GGGG). Global X noted that its new ETF focuses globally on companies which are deemed to be pure-plays…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
The Global X Pure Gold Miners ETF is a global fund and is not limited to US markets nor just to North America. As of March 15, 2011, the Fund includes companies based in Canada, the United States, the United Kingdom, Hong Kong, Australia and Turkey. As of March 10, 2011, the three largest components of the index were Gold Fields Ltd. (NYSE: GFI), Polyus Gold, and Kinross Gold Corporation (NYSE: KGC). Other key holdings are AngloGold Ashanti Ltd. (NYSE: AU), Eldorado Gold Corp. (NYSE: EGO), Harmony Gold Mining Co. Ltd. (NYSE: HMY) and others. A full list of the global holdings inside this ETF is here.
Management Fee is listed as 0.59% and the custody fee is 0.00%, for an annual fund operating expense of 0.59%.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
