Global X Silver Miners ETF $51.78 – New York symbol SIL

Article Excerpt

GLOBAL X SILVER MINERS ETF $51.78 (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index. That index began trading in April 2010 and includes 21 international firms that mine, refine or explore for silver. It was developed by Germanybased Structured Solutions AG. Canadian firms make up 53.3% of the fund’s holdings, but it also includes miners in the U.S. (21.1%) and Mexico (18.6%). Its MER is 0.65%. The ETF’s top holdings are Fresnillo plc at 12.7%; Silver Wheaton, 11.7%; Pan American Silver, 10.9%; Tahoe Resources Inc. at 11.5%; Coeur Mining, 6.5%; First Majestic Silver, 6.0%; Hecla Mining, 5.6%; Industrias Penoles, 5.3%; Alamos Gold, 4.3%; and Polymetal International, 4.3%. Global X Silver Miners ETF is a hold. hold…