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

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  1. #1

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

    If you remember my ETF Talk 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).
  2. #2

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    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.
  3. #3
    Cochwalon
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    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).
  4. #4

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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

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