ETFWorld.co.uk : One of the most interesting themes in recent months has certainly been that of gold.
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The prices of the yellow metal, after having built a solid accumulating base above the important support, both graphical and psychological, placed at $2,000, in fact made a fast bullish spurt and rose to a peak of $2,448 (a new all-time high).
The primary trend is therefore positive and, after a brief pause for consolidation above the static support located in the area of $2,300-2,285 (necessary to unload the strong short-term overbought), a new extension is therefore possible.
Benefiting from this price rise were the stocks of gold mining companies, whose performance is positively correlated to the price of the yellow metal (but also depends on other factors, the most important of which are mining and production costs).
The following ETFs can be used to invest in the securities of gold mining companies:
iShares Gold Producers, ISIN IE00B6R52036. It is an ETF with €1,441m in assets under management, which provides for the total physical replication of the underlying (represented by the S&P Commodity Producers Gold index) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.55% per annum.
VanEck Gold Miners, ISIN IE00BQQP9F84. This ETF has assets under management of EUR 881m and provides for full physical replication of the underlying (represented by the NYSE Arca Gold Miners index). The ETF adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.53% per annum.
L&G Gold Mining, ISIN IE00B3CNHG25. This ETF has assets under management of EUR 133 mln, which provides for the total physical replication of the underlying (by purchasing all the components of the DAXglobal Gold Miners index) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.65% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
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