GLOBAL X SILVER MINERS ETF $7.41 - New York symbol SIL

GLOBAL X SILVER MINERS ETF $7.41 (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index. This index includes 25 international firms that mine, refine or explore for silver. It was developed by Germany-based Structured Solutions AG.

Canadian firms make up 58.0% of the fund’s holdings, but it also includes miners in the U.S. (12.3%) and Mexico (11.2%). Its MER is 0.65%.

The ETF’s top holdings are Industrias Penoles at 11.3%; Silver Wheaton, 10.1%; MAG Silver, 7.9%; Silver Standard Resources, 7.8%; Polymetal, 6.2%; Fresnillo plc, 5.3%; Tahoe Resources Inc., 4.7%; McEwen Mining Inc., 4.4%; Pan American Silver, 4.3%; Primero Silver, 4.3%; and Hochschild Mining plc, 4.2%.

Global X Silver Miners ETF is a hold.

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