“We launched the Sprott Gold Miners ETF because we believed the market was ready for a ‘smart beta’ alternative to traditional market cap-weighted gold equities investments,” said John Ciampaglia, head of ETFs at Sprott Asset Management, said in the statement. “Despite a challenging environment for gold stocks, SGDM has become the second-largest senior gold equities ETF listed on the U.S. market.”
SGDM’s top three holdings – Franco-Nevada (NYSE: FNV), Randgold Resources (NasdaqGS: GOLD) and Goldcorp (NYSE: GG) – combine for over 44% of the ETF’s weight.
Sprott Gold Miners ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.