Investors Get Excited For The Launch Of Van Eck’s Market Vectors Junior Gold Miners ETF

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October 22, 2009 12:49pm ETF BASIC NEWS NYSE:GDX

gold-miner“A new ETF is being introduced to the investing community by Van Eck Global, the same corporation that is behind a number of ETFs, including the Gold Miners ETF (NYSE: GDX


, Stock Forum).  This ETF (which will trade using the symbol (GDXJ)) will represent 38 junior mining and exploration companies that have mining potential,” Peter Degraaf Reports From StockHouse.

“The launch is expected to take place sometime before the end of this year, and this event will help to make the junior exploration sector even more popular than it is today.  It is our contention that this sector will surpass the excitement that was created by the upstart dot-com companies of the late 1990s, since this time the companies involved represent real value,” Degraaf Reports.

Van Eck Global has provided a list of the constituents in the new Market Vectors Junior Gold Miners ETF: HERE

Here is a look at the current Gold Miners ETF (GDX) below:

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) ( 67.60% OF TOTAL ASSETS)  
Company Symbol % Assets
AGNICO EAGLE MINES (AEM) 4.7
ANGLOGOLD ASHANTI LT (AU) 5.91
BARRICK GOLD CP (ABX) 13.15
GOLD FIELDS LTD ADS (GFI) 4.88
GOLDCORP INC (GG) 11.64
IAMGOLD CORPORATION (IAG) 4.35
KINROSS GOLD CP (KGC) 5.71
Lihir Gold, Limited (LIHR) 4.38
NEWMONT MIN CP (HLDG (NEM) 8.54
YAMANA GOLD INC (AUY) 4.34

Chart for Market Vectors Gold Miners ETF (GDX)

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