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Topic: How To Invest

ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $24.91 – Toronto symbol XGD

ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $24.91 (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 gold stocks from Canada and around the world. The weight of any one company is capped at 25% of the index’s market capitalization. The fund’s MER is 0.55%. iShares S&P/TSX Global Gold Index Fund began trading on March 23, 2001.

The fund’s top-ten holdings are Barrick Gold at 18.4%; Goldcorp., 12.7%; Newmont Mining, 10.5%; Kinross, 7.5%; AngloGold Ashanti (ADR), 6.5%; Agnico-Eagle, 4.5%; Gold Fields (ADR), 4.4%; Eldorado Gold, 3.5%; Yamana Gold, 3.3%; and Randgold Resources (ADR), 2.6%.

iShares S&P/TSX Global Gold is a buy for aggressive investors who want to own a gold fund.

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