GLOBAL X SILVER MINERS ETF $21.80 (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index.
This index includes between 20 and 40 international companies that mine, refine or explore for silver. Germany-based Structured Solutions AG developed
this index.
Canadian companies make up 42.9% of the fund’s holdings, but it also includes companies based in Mexico (13.0%) and the U.S. (12.3%). The ETF’s MER is 0.65%.
The fund’s top holdings are Silver Wheaton at 13.7%; Fresnillo plc, 11.7%; Industrias Penoles, 10.8%; Pan American Silver, 8.5%; First Majestic Silver, 5.9%; Hecla Mining, 5.8%; Coeur d’Alene Mines, 4.9%; Polymetal, 4.6%; Silver Standard Resources, 4.5%; Tahoe Resources, 4.3%; Hochschild Mining, 4.0%; and Silvercorp Minerals, 3.7%.
Global X Silver Miners ETF is a buy for aggressive investors who want to hold a silver fund.