Despite the woes for ETFs such as GDX and GDXJ, investors have not only stuck by these funds this year, they have actually plowed more money into the funds. GDX and GDXJ entered trading Monday with a combined $6.7 billion in assets, nearly $449 million of which has arrived this year, according to Index Universe data.
Speaking of GDXJ, in a sign of that ETF’s breathtaking declines, Market Vectors announced the ETF will undergo a 1-for-4 reverse split on July 1. [Market Vectors to Reverse Split 7 ETFs]
Market Vectors Junior Gold Miners ETF
ETF Trends editorial team contributed to this post.