Two top ETF buys for gold and silver fans

Article Excerpt

If you want to invest in gold and silver, we think the best way to do it is through shares of companies that mine gold and silver. Our favourite gold stock is Newmont Mining (see box this page). But if you want to hold a number of gold or silver stocks, the two exchange-traded funds below offer a good combination of top-quality global miners and low fees. ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $22.72 (Toronto symbol XGD; buy or sell through brokers) 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 18.2%; Goldcorp., 13.6%; Newmont Mining, 11.5%; AngloGold Ashanti (ADR), 6.3%; Kinross, 5.3%; Agnico-Eagle, 4.1%; Gold Fields…