GLOBAL X SILVER MINERS ETF $14.42 (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index.
This index includes 31 international companies that mine, refine or explore for silver. Germanybased Structured Solutions AG developed the Global X Silver Miners Index.
Canadian companies make up 46.6% of the fund’s holdings, but it also includes companies based in the U.S. (11.0%) and Mexico (14.6%). The ETF’s MER is 0.65%.
The fund’s top holdings are Silver Wheaton at 12.0%, followed by Fresnillo plc, 11.7%; Industrias Penoles, 10.4%; McEwen Mining, 5.9%; Hecla Mining, 5.6%; Silver Standard Resources, 5.2%; Coeur d’Alene Mines, 4.7%; Pan American Silver, 4.6%; Polymetal, 5.4%; Silvercorp Minerals, 4.6%; and Tahoe Resources, 4.4%.
Global X Silver Miners ETF is a buy for aggressive investors who want to hold a silver fund.