Top & Flop Zones At Half-Way Q1 & Their ETFs


Gold logged in its worst performance in January since 2011 and extended its decline so far this month. Rising bond yields and rising dollar, which reflects improving economic outlook as well as pickup in inflation expectations, dampened the appeal for the yellow metal. Acting as a leveraged play on the underlying metal prices, metal miners tend to experience more losses than their bullion cousins in a declining metal market.

While many gold mining ETFs have been experiencing losses, VanEck Vectors Junior Gold Miners ETF (GDXJ - Free Reporthas lost 11.2%. It focuses on small-cap companies that are involved primarily in the mining for gold and/or silver by tracking the MVIS Global Junior Gold Miners Index. Holding 90 stocks in its basket, Canadian firms dominate the fund’s portfolio at 45.5%, while Australia (21.5%) and South Africa (7.6%) round out the top three. The product has AUM of $5.6 billion and charges 53 bps in annual fees. It trades in heavy volume of around 6.9 million shares a day on average.

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