In trading on Wednesday, the Gold Miners ETF (GDX) is outperforming other ETFs, up about 3.1% on the day. Also experiencing a healthy push to the upside is the Market Vectors Vietnam ETF (VNM) up 1.8%. And underperforming other ETFs today is the ROB ETF (ROB), down about 4.5% in Wednesday afternoon trading. Also having a tough day today were the iPath Dow Jones UBS Sugar Total Return Subindex ETN (SGG) down 2.9%, iShares MSCI Spain Index Fund (EWP) down 2.5%, and the ETFS Physical Palladium Shares (PALL) down 1.6%
About the Gold Miners ETF (GDX)
The investment 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.
About the ROB ETF (ROB)
The investment seeks to replicate, before expenses, the performance of the Robb Report Global Luxury Index. The Fund normally invests at least 90% of total assets on common stock and ADRs and GDRs that comprise the Index. It seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. Under various circumstances, the fund may not be possible or practicable to purchase all of the stocks in the Index in those weightings.