Year to date, SIL has rallied 16.25% and it has attracted significant investor interest since its debut, gathering over $355 million in assets. As with anything in the ETF marketplace, success often spawns interest and innovation, and that said, SIL is no longer the only way to play Silver Miner equities.
The iShares MSCI Global Silver Miners (NYSEArca: SLVP) launched on January 31 of this year, and tracks the MSCI ACWI Select Silver Miners Investable Market Index and will have index composition and weightings differences head to head with SIL.
It remains to be seen how the fund competes from a performance standpoint in a live setting. One thing is clear however, as silver, the metal continues its luster, assets in terms of money flows will likely be in motion toward Silver Miners as well.
Global X Silver Miners
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