GLOBAL X SILVER MINERS ETF $23.46 (NewYork symbol SIL; buy or sell through brokers;www.globalxfunds.com) tracks the Solactive Global SilverMiners Index.
This index includes 32 international companiesthat mine, refine or explore for silver. GermanybasedStructured Solutions AG developed the GlobalX Silver Miners Index.
Canadian companies make up 45.4% of the fund’sholdings, but it also includes companies based in theU.S. (13.7%) and Mexico (13.0%). The ETF’s MERis 0.65%.
The fund’s top holdings are Fresnillo plc at 13.1%;Industrias Penoles, 12.5%; Silver Wheaton, 11.9%;Pan American Silver, 7.9%; Polymetal, 5.4%; HochschildMining, 4.8%; First Majestic Silver, 4.6%;Silver Standard Resources, 4.5%; Hecla Mining,4.5%; Tahoe Resources, 4.4%; Coeur d’Alene Mines,4.0%; and Silvercorp Minerals, 3.3%.
Global X Silver Miners ETF is a buy foraggressive investors who want to hold a silver fund.