Gold miner ETF options include:
- Market Vectors Gold Miners ETF (NYSEArca: GDX): 0.52% expense ratio; 0.35% yield. GDX has gained 4.1% over the last three months.
- Market Vectors Junior Gold Miners Fund (NYSEArca: GDXJ): 0.54% expense ratio; 6.18% yield. GDXJ increased 8.2% over the last three months.
- iShares MSCI Global Gold Miners Fund (NYSEArca: RING): 0.39% expense ratio; 1.29% 30-day SEC yield. RING is up 2.3% over the past three months.
- Global X Pure Gold Miners ETF (NYSEArca: GGGG): 0.59% expense ratio; 2.44% yield. GGGG rose 4.1% over the last three months.
However, “rampant cost inflation and heightened competition for investor inflows by bullion bars and gold-backed ETFs remain key downside risks for gold mining shares,” Park cautioned.
Meanwhile, silver miners, along with physical silver, ETFs have vaulted. For instance, the Global X Silver Miners ETF (NYSEArca: SIL) has jumped 15.3% and the iShares MSCI ACWI Select Silver Miners Investable Market Index (NYSEArca: SLVP) increased 13.7% over the past three months. In comparison, the iShares Silver Trust (NSYEArca: SLV) gained 7.4% over the same period.
For more information on gold or silver producers, visit our gold miners and silver miners categories.
Max Chen contributed to this article.