Topic: How To Invest

Pat: I want more exposure to gold. What do you think of the iShares CDN Gold Sector Index Fund? Thanks.

Article Excerpt

iShares CDN Gold Sector Index Fund, $21.57, symbol XGD on Toronto (Shares outstanding: 54.5 million; Market cap: $1.2 billion), aims to replicate the performance of the S&P/TSX Global Gold Index. The fund currently holds 28 stocks. The S&P/TSX Global Gold Index is made up of Canadian and non-Canadian gold stocks that S&P selects using its industrial classifications and guidelines. The fund’s MER is capped at 0.55%. The fund’s top ten holdings are Barrick Gold at 17.7%; Goldcorp, 16.0%; Newmont Mining, 11.8%; Kinross Gold, 8.1%; AngloGold Ashanti (ADR), 7.8%; Agnico-Eagle Mines, 5.5%; Gold Fields (ADR), 5.2%; Yamana Gold, 4.2%; Lihir Gold (ADR), 3.3%; and Randgold Resources (ADR), 2.4% If you want to own a gold fund, iShares CDN Gold Sector Index Fund is okay to hold. …