Van Eck brings Gold Miners ETF to Australia
New York-based investment manager Van Eck Global has launched one of its most popular exchange traded fund (ETF) products in Australia.
The company announced this week the Australian listing of the e Market Vectors Gold Miners ETF (ASX code: GDX) — a product which invests in global gold mining companies of all sizes.
According to the company's announcement, the listing will allow Australian investors to get exposure to a diversified portfolio of global gold equities including the world's largest gold producers in a single trade on the ASX.
Commenting on the move, Van Eck Global Australia managing director, Arian Neiron, said the product was both the world's largest gold equities ETF, and the flagship Market Vectors ETF globally.
"With total assets in excess of US$6.3 billion it captures the global nature of the gold mining industry including Australian assets," he said.
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