VanEck Gold Miners

ETF description

This ETF provides exposure to companies involved in the gold mining industry. It focuses on businesses that extract gold from the ground and may also include companies engaged in other aspects of the production and distribution of gold. The performance of this ETF is linked to the performance of these gold mining companies, which can be influenced by a variety of factors, including the price of gold itself, the cost of production, and broader trends in the global economy.

For investors looking to benefit from changes in the gold market, this ETF may be appealing. It could serve as a way to gain indirect exposure to gold without needing to buy and store physical gold. However, since the ETF is tied to the operations of gold mining companies, it can also be affected by business‑specific risks, such as labor disputes, operational challenges, or changes in mining regulations.

Issuer details

VanEck is a globally recognized asset management firm, managing over $85 billion in assets as of June 2024. VanEck offers a wide range of investment products covering various market segments. Founded in 1955 by John C. van Eck, the firm has a strong expertise in commodities and emerging markets. VanEck is also committed to investor education and transparency. Notable ETFs include the VanEck Gold Miners ETF (GDX), the VanEck Semiconductor ETF (SMH), and the VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL), reflecting VanEck’s dedication to offering diverse and cutting‑edge investment solutions.

Index details

The NYSE Arca Gold Miners Index is a pure‑play, global index that tracks the performance of the largest publicly‑traded companies worldwide which are primarily involved in the mining for gold and silver. The modified market‑ capitalisation weighted index is reviewed quarterly based on a strictly rules‑based methodology.