SGDM
Sprott Gold Miners ETF
📎 Investment Objective
The Sprott Gold Miners ETF (SGDM) seeks to provide investment results that correspond generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index.
Overview
ETF tracking Sprott Gold Miners ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Sprott Gold Miners ETF (SGDM) seeks to provide investment results that correspond generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index.
🎯 Investment Strategy
The ETF invests primarily in a portfolio of securities of gold mining companies. The index uses a transparent, rules-based methodology to select and weight gold mining companies based on revenue growth and price momentum.
✨ Key Features
- Provides exposure to a portfolio of gold mining companies
- Uses a rules-based index methodology to select and weight holdings
- Potentially offers diversification benefits as part of a broader investment portfolio
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Concentration risk as the fund invests primarily in the gold mining industry
- Commodity price risk as the value of the fund is tied to the price of gold
- Volatility risk as gold mining stocks can experience significant price swings
- Lack of performance history as the fund is relatively new with no 1, 3 or 5 year returns
👤 Best For
This ETF may be suitable for investors seeking exposure to the gold mining industry as part of a diversified portfolio. It could be of interest to investors with a higher risk tolerance who believe in the long-term prospects of the gold mining sector.