ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $12.52 (Toronto symbol XGD; buy or sell through brokers; ca.ishares.com) aims to mirror the performance of the S&P/TSX Global Gold Index.
This index is made up of 49 gold stocks from Canada and around the world. The fund’s MER is 0.60%. iShares S&P/TSX Global Gold Index Fund began trading on March 23, 2001.
The fund’s top 10 holdings are Goldcorp at 16.7%; Barrick Gold, 13.3%; Newmont Mining, 11.0%; Yamana Gold, 6.0%; Randgold Resources (ADR), 5.0%; Franco Nevada, 4.7%; Kinross, 4.4%; Eldorado Gold, 4.2%; Agnico-Eagle Mines, 3.6%; and AngloGold Ashanti (ADR), 3.6%.
iShares S&P/TSX Global Gold Index is a buy for aggressive investors who want to own a gold fund.