GLOBAL X SILVER MINERS ETF $11.36 (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index.
This index includes 26 international companies that mine, refine or explore for silver. Germany-based Structured Solutions AG developed the Global X Silver Miners Index.
Canadian companies make up 48.9% of the fund’s holdings, but it also includes miners in the U.S. (13.2%) and Mexico (12.0%). Its MER is 0.65%.
The ETF’s top holdings are Silver Wheaton at 12.2%; Fresnillo plc, 12.0%; Primero Mining, 5.3%; Industrias Penoles, 5.1%; Tahoe Resources, 5.0%; Pan American Silver, 4.9%; Fortuna Silver, 4.9%; Hecla Mining, 4.6%; Polymetal, 4.4%; AuRico Gold, 4.3%; McEwen Mining, 4.2%; Coeur d’Alene Mines, 4.2%; and First Majestic Silver, 4.1%.
Global X Silver Miners ETF is a hold.