Topic: How To Invest

ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $24.22 – Toronto symbol XGD

ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $24.22 (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 18.6%; Goldcorp., 13.1%; Newmont Mining, 11.9%; AngloGold Ashanti (ADR), 6.2%; Kinross, 4.7%; Eldorado Gold, 4.2%; Agnico-Eagle, 4.2%; Gold Fields (ADR), 4.1%; Randgold Resources (ADR), 3.3%; and Yamana Gold, 3.1%.

iShares S&P/TSX Global Gold is a buy for aggressive investors who want to own a gold fund.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.