Topic: How To Invest

ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $22.72 – Toronto symbol XGD

ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $22.72 (Toronto symbol XGD; buy or sell through brokers) aims to mirror the performance of the S&P/TSX Global Gold Index.

This index is made up of gold stocks from Canada and around the world. The weight of any one company is capped at 25% of the index’s market capitalization. The fund’s MER is 0.55%.

iShares S&P/TSX Global Gold Index Fund began trading on March 23, 2001.

The fund’s top-ten holdings are Barrick Gold at 18.2%; Goldcorp., 13.6%; Newmont Mining, 11.5%; AngloGold Ashanti (ADR), 6.3%; Kinross, 5.3%; Agnico-Eagle, 4.1%; Gold Fields (ADR), 3.9%; Eldorado Gold, 3.8%; Lihir Gold (ADR), 3.4%; and Yamana Gold, 3.4%.

If you want to own a gold fund, iShares S&P/TSX Global Gold Index Fund is a buy for aggressive investors.

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