In an uncertain world and changing markets, investors who want to own gold and silver stocks may find these precious metals ETFs the best choice.
Precious metals like gold and silver stocks dropped, along with stock markets, in March 2020 as the pandemic forced a global shutdown. They then quickly reversed themselves to soar for investors.
For many investors, gold and silver represent “safe harbours” in turbulent times and it’s why we expect further price jumps for these precious metals even as inflation further eases. The following ETFs let you tap that growth through top-quality global miners.
ISHARES S&P/TSX GLOBAL GOLD INDEX ETF,is a buy for aggressive investors.The fund (Toronto symbol XGD; buy or sell through brokers; ca.ishares.com) aims to mirror the performance of the S&P/TSX Global Gold Index; it’s made up of 44 gold stocks from Canada and around the world. The ETF began trading on March 23, 2001. It charges investors an acceptable 0.61% MER.
The fund’s top holdings include Newmont, 17.8%; Barrick Gold, 13.0%; Agnico Eagle Mines, 12.3%; Franco-Nevada Corp., 10.4%; Wheaton Precious Metals, 9.3%; Gold Fields Ltd., 5.7%; AngloGold, 3.9%; and Royal Gold, 3.4%.
The ETF cuts risk for investors by focusing on politically stable mining jurisdictions: Canadian firms comprise 63.4% of the fund’s assets, followed by the U.S. (21.7%) and South Africa (11.3%).
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ETFs: Here’s what silver investors should consider buying
GLOBAL X SILVER MINERS ETF, is a buy for aggressive investors.The fund (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index. Set up in April 2010, the ETF gives you exposure to 34 international firms that mine, refine or explore for silver.
The fund has 65.6% of its assets in Canada. That’s ahead of the U.S. (9.7%), the U.K. (6.8%), Peru (6.5%), South Korea (5.6%) and Mexico (4.9%). Investors in the ETF face an acceptable MER of 0.65%.
The quality of the fund’s top holdings should drive your future gains: Wheaton Precious Metals represents 22.8% of total assets; Pan American Silver, 12.9%; Buenaventura, 9.4%; Korea Zinc, 7.9%; Industrias Penoles, 5.6%; Hecla Mining, 4.1%; First Majestic, 4.1%; and Fresnillo plc, 3.6%.
Recommendation in Canadian Wealth Advisor: Global X Silver Miners ETF and iShares S&P/TSX Global Gold Index ETF are buys for aggressive investors.
This article was originally published in 2017 and is regularly updated.
Comments
Graham
With all due respect, I am not sure what is being suggested with the XGD ETF. I purchased shares in Apr/May 2020 around the $22 mark and then again in Jul 2020 at $23. Since then the price has been declining now at around $18.
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With all due respect, I am not sure what is being suggested with the XGD ETF. I purchased shares in Apr/May 2020 around the $22 mark and then again in Jul 2020 at $23. Since then the price has been declining now at around $18.