PSAU’s small-cap exposure is useful on two fronts. First, it increases investors exposure to silver miners. The fund is home to no fewer than 10 pure-play silver miners. Second, by not skimping on small-caps, PSAU does feature some platinum metals group miners on its roster. By comparison, GDX is focused almost exclusively on gold miners with some silver producers sprinkled in. [Silver Miners ETFs Test Short-Term Trendlines]
The average market cap of PSAU’s holdings is $7.4 billion. The fund, which charges 0.75% per year, has a P/E ratio of 11.89 and a price-to-book ratio of 1.16.
PowerShares Global Gold and Precious Metals Portfolio
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of NUGT.