Global X Unveiling Gold Explorers, Uranium ETFs | ETF Trends

Global X, one of the fastest-growing exchange traded fund (ETF) providers, is unveiling two first-of-their-kind ETFs this week: uranium and gold explorers. Meanwhile, Vanguard has rolled out an international real estate ETF.

Global X Explorers ETF (NYSEArca: GLDX) will be the first ETF to invest solely in exploration firms rather than actual miners. The Global X fund is tracking what is considered a more risky area of the market, says Murray Coleman for Barrons. The ETF will start trading with 30 different companies in its portfolio. [A New ETF Provider Enters the Field.]

Gold exploration is considered a risky corner of the gold market, involving big start-up costs and uncertainty about whether gold will actually be discovered. The expense ratio clocks in at 0.65%.

Tomorrow, Global X will begin trading its anticipated uranium ETF on the New York Stock Exchange.

The Global X Uranium ETF (NYSEArca: URA) will give exposure to a global pool of companies.  The ETF Professor for Benzinga reports constituents will be uranium miners, refiners or equipment makers. URA will have an expense ratio of 0.69%. [How to Sort Out the Niche ETF Sectors.]