RING

iShares MSCI Global Gold Miners ETF

$65.53
+0.00%
Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The iShares MSCI Global Gold Miners ETF (RING) seeks to track the investment results of an index composed of global companies primarily engaged in the mining of gold and other precious metals.

Overview

ETF tracking iShares MSCI Global Gold Miners ETF

Issuer BlackRock
Inception Date 2017-08-02
Market Cap $2.3B
Average Volume N/A
Dividend Yield 0.69%
52-Week Range $27.93 - $72.16
VWAP $65.05

Performance

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Investment Summary

📎 Investment Objective

The iShares MSCI Global Gold Miners ETF (RING) seeks to track the investment results of an index composed of global companies primarily engaged in the mining of gold and other precious metals.

🎯 Investment Strategy

The ETF invests in a diversified portfolio of global gold mining companies, seeking to provide exposure to the overall performance of the global gold mining industry. The fund's holdings are weighted based on the market capitalization of the underlying companies.

✨ Key Features

  • Provides exposure to a global basket of gold mining companies
  • Diversified across multiple countries and mining companies
  • Passively managed to track the performance of the underlying index
  • Low expense ratio of 0.00%

⚠️ Primary Risks

  • Concentration risk in the gold mining industry
  • Exposure to the volatility of gold and precious metal prices
  • Potential for underperformance compared to the broader equity market
  • Currency risk for international holdings

👤 Best For

This ETF may be suitable for investors seeking exposure to the global gold mining industry as part of a diversified portfolio. It may be of particular interest to investors with a higher risk tolerance who believe in the long-term prospects of the gold mining sector.