Topic: How To Invest

Hi Pat: What do you think of the iShares S&P/TSX Global Gold Index Fund? Is there a silver stock version of that fund?

Article Excerpt

iShares S&P/TSX Global Gold Index Fund, $22.72, symbol XGD on Toronto (Shares outstanding: 57.1 million; Market cap: $1.3 billion), aims to replicate 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%. The fund’s top ten holdings are Barrick Gold at 18.2%; Goldcorp., 13.6%; Newmont Mining, 11.5%; AngloGold Ashanti (ADR), 6.3%; Kinross, 5.3%; Agnico-Eagle, 4.1%; Gold Fields (ADR), 3.9%; Eldorado Gold, 3.8%; Lihir Gold (ADR), 3.4%; and Yamana Gold, 3.4%. If you want to own a gold fund, iShares S&P/TSX Global Gold Index Fund is okay to hold. A: Global X Silver Miners ETF, $15.10, symbol SIL on New York (Shares outstanding: 2.9 million; Market cap: $43 million) tracks the Solactive Global Silver Miners Index, which includes between 20 and 40 international companies that mine, refine or explore for silver…