Fund BasicsSee More
- Fund Family Van Eck Associates
- Assets Under Management 16,742,686,400
- Market Capitalization, $K 16,742,686
- Shares Outstanding, K 428,750
- 60-Month Beta 0.64
|Period||Period Low||Period High||Performance|
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+0.65 (+1.69%)since 07/10/20
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+5.16 (+15.23%)since 05/11/20
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+9.69 (+33.00%)since 08/09/19
Which ETF is better? commodity-based GLD or gold mining stock ETF, GDX.
Michael Wilson, chief U.S. equity strategist at Morgan Stanley believe that ???the most likely outcome remains a 10% correction in the broader index." However, we believe stocks and ETFs with solid fundamentals...
The yellow metal soared to an all-time high of $2,000 per ounce with many analysts expecting further rally ahead.
The Bloomberg Dollar Spot Index is down 3.9% so far this month and is poised for its worst July since 2010.
Gold is already hovering around a record high level and silver is hovering around a six-year high. But silver ETFs have rallied faster than gold in the past month.
The World Health Organization (WHO) reported a record increase in global novel coronavirus cases on Jun 21.
The second wave of coronavirus contagion hints at the gold rush.
Low rates are a boon for high-yield sectors such as utilities and real estate as well as the dividend paying securities.
Gold mining stocks hail from a favorable Zacks industry (placed at the top 8% of total 250+ industries in the Zacks universe).
Gold mining stocks reported mixed-to-upbeat earnings results and benefited these miners' ETFs.