Print This Article
ETF Daily News
Has The Junior Gold Mining ETF Lost Its Luster?
March 08, 2012
|
As gold prices drop, ETFs targeting gold mining companies are correcting downward too—none more than the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ), which suffers from a lack of exposure to the U.S. dollar, according to an article on Zacks. Gold-mining ETF losses, including those of the Market Vectors Gold Miners ETF (NYSEArca: GDX), have all outpaced the recent drop seen in gold prices. GDX has fallen 8.6 percent over the past five days, though GDXJ declined 12.3 percent, the Zacks report said. GDXJ has just 14 percent of its portfolio in dollar securities, while nearly all of GDX’s holdings are in dollars—even those that aren’t U.S.-based companies, Zacks said. For the full story on gold and gold-related funds, visit Zacks.com. |
© Copyright IndexUniverse.com 2012, All rights reserved. Permalink
New Economic-Exposure Indexes Look Sweet
Investors long wanting emerging markets exposure who have been wary of investing in local shares might have new options in the near future.The Global Bond ETF Search: Part 1
To go truly global in the world of bond ETFs, for now, takes some creativity and a fair amount of patience.For Bernanke Skeptics: A Sound Money ETF
As balanced budgets and stable money supplies are tossed to the wind, consider FORX.
|
|
|
|


