Are Investors Playing The Lottery With The New Junior Miners ETF?
“Since its Nov. 11 debut, the Market Vectors Junior Gold Miners ETF(GDXJ) has advanced nearly 7% and drawn significant investor interest. Already, this addition to the gold ETF funds universe has an average daily trading volume of more than 2.8 million shares. Its popular large-cap predecessor, the Market Vectors Gold Miners ETF(GDX), has a three-month average daily trading volume of 12.6 million shares,” Don Dion Reports From The Street.
“GDXJ helps to provide investors exposure to junior gold miners with enormous potential for growth, while helping to minimize security-specific risk. Because some of the companies in GDXJ’s underlying portfolio companies have yet to generate material revenues and operate at a loss, trying to pick individual junior mining stocks can be like playing the lottery. GDXJ’s portfolio includes 39 junior gold miners, reducing the impact that the failure of any single underlying component would have on the investment as a whole,” Dion Reports.
“While the number of GDXJ’s underlying components helps to temper the risk of this ETF, 46% of assets are dedicated to the fund’s top 10 holdings. Investors and prospective investors should, therefore, familiarize themselves with GDXJ’s top components. The performances of GDXJ’s top five holdings, in particular, have a significant impact on the fund’s trading,” Dion Reports.
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We have listed some details on the 2 miners ETF’s (GDX) and (GDXJ) below:
Here is a detailed list of the Junior Gold Miners Index (MVGDXJ) we put together using Van Eck’s site as a reference. (This list is subject to changes and errors)
| Market Vectors Junior Gold Miners Index (MVGDXJ) Constituents | ||||
| Company Name | Ticker Symbol | ETF % | Company Website | |
| 1 | Alamos Gold Inc. | (AGI.TO) | 5.11% | www.alamosgold.com |
| 2 | Allied Nevada Gold Corp. | (ANV.A) | 2.22% | www.alliednevada.com |
| 3 | Andean Resources Ltd. | (AND.TO) | 2.99% | www.andean.com.au |
| 4 | Aurizon Mines Ltd. | (AZK) (ARZ.TO) | 3.52% | www.aurizon.com |
| 5 | Avoca Resources Ltd. | (AVO.AX) | 2.06% | www.avocaresources.com.au |
| 6 | Avocet Mining PLC. | (AVM.L) | 0.88% | www.avocet.co.uk |
| 7 | Coeur d’Alene Mines Corp. | (CDE) (CDM.TO) | 6.20% | www.coeur.com |
| 8 | Colossus Minerals Inc. | (CSI.TO) | 0.89% | www.colossusminerals.com |
| 9 | Detour Gold Corp. | (DGC.TO) | 1.38% | www.detourgold.com |
| 10 | Dominion Mining Ltd. | (DOM.AX | 1.33% | www.dml.com.au |
| 11 | European Goldfields Ltd. | (EGU.TO) | 2.13% | www.egoldfields.com |
| 12 | Fronteer Develop. Group Inc. | (FRG) (FRG.TO) | 2.37% | www.fronteergroup.com |
| 13 | Gabriel Resources Ltd. | (GBU.TO) | 1.55% | www.fronteergroup.com |
| 14 | Gammon Gold Inc. | (GRS) (GAM.TO) | 4.32% | www.gammongold.com |
| 15 | Gold Wheaton Gold Corp. | (GLW.V) | 1.07% | www.goldwheaton.com |
| 16 | Golden Star Resources Ltd. | (GSS) (GSC.TO) | 3.31% | www.gsr.com |
| 17 | Great Basin Gold Ltd. | (GBG) (GBG.TO) | 2.54% | www.greatbasingold.com |
| 18 | Hecla Mining Co. | (HL) | 3.80% | www.hecla-mining.com |
| 19 | Jaguar Mining Inc. | (JAG.TO) | 3.67% | www.jaguarmining.com |
| 20 | Kingsgate Consolidated Ltd. | (KCN.AX) | 2.96% | www.kingsgate.com.au |
| 21 | Kirkland Lake Gold Inc. | (KSI.TO) | 2.41% | www.klgold.com |
| 22 | Lake Shore Gold Corp. | (LSG.TO) | 1.78% | www.lsgold.com |
| 23 | Medusa Mining Ltd. | (MML.AX) | 1.22% | www.medusamining.com.au |
| 24 | Lingbao Gold Co Ltd. | (3330.HK) | 0.52% | www.lbgold.com |
| 25 | Minefinders Corp Ltd. | (MFN) (MFL.TO) | 2.79% | www.minefinders.com |
| 26 | New Gold Inc. | (NGD) (NGD.TO) | 6.13% | www.newgoldinc.com |
| 27 | Northgate Minerals Corp. | (NXG) (NXG.TO) | 3.11% | www.northgateminerals.com |
| 28 | Novagold Resources Inc. | (NG) (NG.TO) | 2.74% | www.novagold.com |
| 29 | Real Gold Mining Ltd. | (0246.HK) | 0.80% | www.realgoldmining.com |
| 30 | Romarco Minerals Inc. | (R.V) | 1.69% | www.romarco.com |
| 31 | Rubicon Minerals Corp. | (RBY) (RMX.TO) | 2.17% | www.rubiconminerals.com |
| 32 | San Gold Corp. | (SGR.V) | 3.73% | www.sangoldcorp.com |
| 33 | Semafo Inc. | (SMF.TO) | 2.71% | www.semafo.com |
| 34 | Silver Standard Resources Inc. | (SSRI) (SSO.TO) | 6.70% | www.silverstandard.com |
| 35 | SilverCorp Metals Inc. | (SVM) (SVM.TO) | 3.10% | www.silvercorpmetals.com |
| 36 | St Barbara Ltd. | (SBM.AX) | 1.60% | www.stbarbara.com.au |
| 37 | US Gold Corp. | (UXG) (UXG.TO) | 1.24% | www.usgold.com |
| 38 | Ventana Gold Corp. | (VEN.TO) | 1.21% | www.ventanagold.com |
The investment (GDX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the AMEX Gold Miners index. The fund generally normally invests at least 80% of its total assets in common stocks and American depositary receipts (ADRs) of companies involved in the gold mining industry. The fund is nondiversified.
| TOP 10 HOLDINGS (GDX) ( 68.62% OF TOTAL ASSETS) |
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