V
an Eck’s Highly Anticipated Market Vectors Junior Miners ETF (With Kingsgate Included) Is Set for Its Debut
Van Eck’s Market Vector Junior Miners ETF is set for trading to begin on Wednesday, November 11, 2009 under the ticker symbol (GDXJ). The arrival of this ETF couldn’t come at a better time as gold continues to reach new all time highs. Investors looking to get into the gold craze have found it to be worth investing in gold miners as the current Market Vectors Gold Miners ETF (GDX) has outperformed the SPDR Gold ETF (GLD) by a substantial amount. (See the chart)
The Market Vectors Junior Miners ETF will represent the “Junior Gold Miners Index (MVGDXJ)” and have a total net annual operating expense of .60%. The ETF will represent 38 junior mining and exploration companies that have mining potential.
For more information, see the Kingsgate News Desk – http://www.kingsgate.com.au/news-desk/