Explore the Gold Bug with this Triple-Digit Percentage Mining Fund

[cikewulohm]

If you remember my ETF Talk (http://www.eagledailyinvestor.com/22226/mining-fund-triple-digit-gains/) from last week, I showcased a silver mining fund that was up 140 as part of a new theme that focuses on mining company exchange-traded funds (ETFs). Those mining funds have seen enormous share-price appreciation in recent months due to the boom in precious metals and related sectors.

While such impressive gains are hard to replicate, Im pleased to announce that I have found a gold mining ETF that also has seen triple-digit percentage gains so far this year. That exchange-traded fund is the Global X Gold Explorers ETF (GLDX).

[crwlglbj63]

GLDX started in 2010 and is part of the Global X Funds company, a New York-based provider of exchange-traded funds that offers investment opportunities in both U.S. and foreign exchanges. Specifically, GLDX provides investors with access to a broad range of companies that are involved in the exploration of suitable gold deposits through the Solactive Global Gold Explorers Total Return Index.

[Cochwalon]

Year to date, GLDXs performance has been nothing but impressive. Its share price has more than doubled since the beginning of the year, equating to about a 110 increase since the markets first opened in 2016. It is the second-best performing mining fund year to date, beating all but the Purefunds ISE Junior Silver ETF (SILJ) (http://www.eagledailyinvestor.com/22226/mining-fund-triple-digit-gains/).

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Unlike many other funds and stocks, GLDXs chart shows no sign of a potential bust cycle,which first can be seen as a sideways trend over time in the line tracking a funds share price. With 64 million in assets under management, GLDX is neither tiny nor huge, and has approximately double the assets of SILJ. The fund offers a 5.3 yield with an expense ratio of 0.65