The Junior Miners Gold ETF Continues To Grab Net Asset Inflows
“While Gold ETF funds are among the most popular in the ETF industry, shifting flows in November show that investors are becoming more aggressive in their fund selection . After its early November debut, the Market Vectors Junior Gold Miners(GDXJ) had net asset inflows of $487 million between its first day of trading Nov. 11 and Nov. 30,” Don Dion Reports From The Street.
“GDXJ, which followed in the footsteps of the popular Market Vectors Gold Miners ETF(GDX), offers a more aggressive, small-cap approach than its predecessor. During November, investors moved assets into GDXJ and out of GDX. GDXJ, in fact, had the eleventh largest net-asset inflows of any ETF in November, while GDX was among the 10 ETFs with the largest net-asset outflows,” Dion Reports.
“As gold breached new highs throughout November, the timing of GDXJ’s launch was perfect. It was the right ETF at the right time, but the data also indicates that some inflows came from GDX. Investors looking to get more aggressive seem to have made the switch, which should see a slowdown in asset gathering for GDXJ during December, even before the almost $100 drop in gold prices since the Dec. 3 intraday high,” Dion Reports.
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Here is some details on the gold miners ETF’s below:
The Funds (GDXJ) investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the “Junior Gold Miners Index”). For a further description of the Junior Gold Miners Index, see “Junior Gold Miners Index.”
| Fund Holdings of (GDXJ) as of 11/13/09 | |||||
| No. | Holding | Ticker | Shares | Market Value | % of net assets |
| 1 | Coeur d’Alene Mines Corp. | (CDE) US | 56,910 | $1,191,695.40 | 6.42% |
| 2 | Silver Standard Resources | (SSRI) US | 51,510 | $1,003,414.80 | 5.40% |
| 3 | New Gold Inc | (NGD) CN | 251,160 | $972,587.72 | 5.24% |
| 4 | Hecla Mining Co | (HL) US | 177,285 | $946,701.90 | 5.10% |
| 5 | Gammon Gold Inc | (GRS) US | 89,085 | $878,378.10 | 4.73% |
| 6 | Alamos Gold Inc | (AGI) CN | 80,610 | $808,060.57 | 4.35% |
| 7 | Silvercorp Metals Inc | (SVM) CN | 117,615 | $712,342.27 | 3.84% |
| 8 | Semafo Inc | (SMF) CN | 187,800 | $707,530.16 | 3.81% |
| 9 | European Goldfields Ltd | (EGU) CN | 95,100 | $648,543.09 | 3.49% |
| 10 | Golden Star Resources Ltd | (GSS) US | 175,590 | $598,761.90 | 3.22% |
| 11 | Northgate Minerals Corp | (NXG) US | 192,960 | $567,302.40 | 3.06% |
| 12 | Kingsgate Consolidated Ltd | (KCN) AU | 65,010 | $548,420.73 | 2.95% |
| 13 | Jaguar Mining Inc | (JAG) CN | 52,200 | $545,176.21 | 2.94% |
| 14 | San Gold Corp | (SGR) CN | 185,925 | $530,226.29 | 2.86% |
| 15 | Aurizon Mines Ltd | (ARZ) CN | 112,455 | $528,783.59 | 2.85% |
| 16 | Novagold Resources Inc | (NG) US | 97,935 | $509,262.00 | 2.74% |
| 17 | Andean Resources Ltd | (AND) CN | 229,485 | $503,424.58 | 2.71% |
| 18 | Gabriel Resources Ltd | (GBU) CN | 147,360 | $444,139.06 | 2.39% |
| 19 | Minefinders Corp | (MFN) US | 43,560 | $433,857.60 | 2.34% |
| 20 | Allied Nevada Gold Corp | (ANV) US | 38,055 | $428,499.30 | 2.31% |
| 21 | Ventana Gold Corp | (VEN) CN | 38,040 | $420,147.07 | 2.26% |
| 22 | Rubicon Minerals Corp | (RMX) CN | 99,240 | $411,744.96 | 2.22% |
| 23 | Great Basin Gold Ltd | (GBG) CN | 251,820 | $393,900.33 | 2.12% |
| 24 | Lake Shore Gold Corp | (LSG) CN | 92,505 | $355,567.89 | 1.91% |
| 25 | St Barbara Ltd | (SBM) AU | 1,032,395 | $343,436.08 | 1.85% |
| 26 | Kirkland Lake Gold Inc | (KGI) CN | 38,685 | $332,075.92 | 1.79% |
| 27 | Avoca Resources Ltd | (AVO) AU | 194,325 | $333,011.01 | 1.79% |
| 28 | Fronteer Development Group | (FRG) US | 79,110 | $328,306.50 | 1.77% |
| 29 | Romarco Minerals Inc | (R) CN | 245,175 | $327,383.28 | 1.76% |
| 30 | Medusa Mining Ltd | (MML) AU | 77,745 | $284,326.89 | 1.53% |
| 31 | Detour Gold Corp | (DGC) CN | 20,685 | $271,275.45 | 1.46% |
| 32 | Gold Wheaton Gold Corp | (GLW) CN | 759,960 | $217,452.43 | 1.17% |
| 33 | Dominion Mining Ltd | (DOM) AU | 55,260 | $202,474.00 | 1.09% |
| 34 | Real Gold Mining Ltd | (246 HK) | 127,500 | $194,484.35 | 1.05% |
| 35 | Colossus Minerals Inc | (CSI) CN | 37,230 | $187,135.39 | 1.01% |
| 36 | U S Gold Corp | (UXG) US | 61,875 | $167,681.25 | 0.90% |
| 37 | Avocet Mining Plc | (AVM) LN | 97,665 | $156,218.24 | 0.84% |
| 38 | Lingbao Gold Co Ltd-H | (3330 HK) | 210,000 | $81,009.51 | 0.44% |
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.
| Fund Holdings of (GDX) as of 11/13/09 | |||||
| No. | Holding | Ticker | Shares | Market Value | % of net assets |
| 1 | Barrick Gold Corp | (ABX) | 18,718,639 | $783,749,414.93 | 14.49% |
| 2 | Goldcorp Inc | (GG) | 14,249,524 | $614,011,989.16 | 11.36% |
| 3 | Newmont Mining Corp | (NEM) | 9,475,288 | $470,353,296.32 | 8.70% |
| 4 | AngloGold Ashanti Ltd | (AU) | 6,999,199 | $304,045,204.56 | 5.62% |
| 5 | Lihir Gold Ltd | (LIHR) | 8,569,682 | $265,317,354.72 | 4.93% |
| 6 | Cia de Minas Buenaventura | (BVN) | 7,114,374 | $263,587,556.70 | 4.87% |
| 7 | Yamana Gold Inc | (AUY) | 21,130,631 | $259,484,148.68 | 4.80% |
| 8 | Randgold Resources Ltd | (GOLD) | 3,203,698 | $255,110,471.74 | 4.72% |
| 9 | Kinross Gold Corp | (KGC) | 13,436,964 | $252,883,662.48 | 4.68% |
| 10 | IAMGOLD Corp | (IAG) | 14,744,197 | $251,536,000.82 | 4.65% |
| 11 | Gold Fields Ltd | (GFI) | 16,291,819 | $229,714,647.90 | 4.25% |
| 12 | Agnico-Eagle Mines Ltd | (AEM) US | 3,748,931 | $223,736,202.08 | 4.14% |
| 13 | Eldorado Gold Corp | (EGO) | 16,025,187 | $207,205,667.91 | 3.83% |
| 14 | Silver Wheaton Corp | (SLW) | 13,420,202 | $199,692,605.76 | 3.69% |
| 15 | Harmony Gold Mining Co | (HMY) | 17,100,638 | $175,452,545.88 | 3.24% |
| 16 | PAN American Silver Corp | (PAAS) | 3,501,327 | $82,036,091.61 | 1.52% |
| 17 | Royal Gold Inc | (RGLD) | 1,636,283 | $81,715,973.02 | 1.51% |
| 18 | Coeur d’Alene Mines Corp. | (CDE) US | 3,026,689 | $63,378,867.66 | 1.17% |
| 19 | New Gold Inc | (NGD) | 15,532,015 | $59,176,977.15 | 1.09% |
| 20 | Silver Standard Resources | (SSRI) US | 2,878,399 | $56,071,212.52 | 1.04% |
| 21 | Hecla Mining Co | (HL) US | 9,493,058 | $50,692,929.72 | 0.94% |
| 22 | Gammon Gold Inc | (GRS) US | 4,993,219 | $49,233,139.34 | 0.91% |
| 23 | Seabridge Gold Inc | (SA) | 1,505,674 | $35,142,431.16 | 0.65% |
| 24 | Golden Star Resources Ltd | (GSS) US | 9,492,472 | $32,369,329.52 | 0.60% |
| 25 | Aurizon Mines Ltd | (AZK) | 6,375,413 | $30,219,457.62 | 0.56% |
| 26 | Northgate Minerals Corp | (NXG) US | 10,274,632 | $30,207,418.08 | 0.56% |
| 27 | Minefinders Corp | (MFN) US | 2,376,917 | $23,674,093.32 | 0.44% |
| 28 | Great Basin Gold Ltd | (GBG) | 13,386,929 | $20,883,609.24 | 0.39% |
| 29 | Nevsun Resources Ltd | (NSU) | 5,149,665 | $14,882,531.85 | 0.28% |
| 30 | Tanzanian Royalty Exploration | (TRE) | 3,603,954 | $12,469,680.84 | 0.23% |
| 31 | Cash | 6,655,296 | $6,655,380.14 | 0.12% | |
| 32 | Vista Gold Corp | (VGZ) CN | 1,705,026 | $4,569,469.68 | 0.08% |
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