Sprott is adding to its existing ETF product suite with a new actively managed fund: the Sprott Active Metals & Miners ETF (METL). The launch comes amid an industry trend that’s seeing more active funds hit the market with new product offerings.
The addition to METL builds upon Sprott’s growing portfolio of ETFs. This includes an existing line of critical minerals ETFs and precious metals ETFs.
Broad Exposure
This particular fund offers broad exposure to companies operating in the metals and mining industry life cycle. These firms include miners, recyclers, and royalty and streaming companies associated with strategic metals exhibiting strong global demand. Furthermore, the fund uses a value-oriented and contrarian approach to select its holdings.
METL’s active strategy taps into the deep experience and expertise of Sprott’s portfolio managers, particularly in the metals and mining industry. Led by Senior Portfolio Manager & Economic Geologist Justin Tolman, BSc (Hons), MBA, the investment team comprises Maria Smirnova, MBA, CFA, Senior Portfolio Manager & Chief Investment Officer; Shree Kargutkar, MBA, CFA, Senior Portfolio Manager; and Victor Huwang, MBA, CRC, Director, U.S. operations.
Sprott’s Active Flexibility Advantage
The actively managed fund has the flexibility to invest in mining equities across a wide range of metals. It can also tailor its holdings to suit current market conditions and other potential benefits of an active strategy fund.
The fund combines top-down sector analysis with bottom-up stock selection. It locates relatively undervalued companies that the portfolio managers believe have good long-term business fundamentals and strong growth trajectories.
Well-Positioned to Create Dynamic Portfolio
“Each year, Sprott’s multidisciplinary investment team conducts 200 management meetings within the mining [sector. It] also assesses asset potential, identifies challenges and explores geologic opportunities through up to 30 mining site visits annually,” said Whitney George, CEO of Sprott. “Sprott is well-positioned to create a dynamic portfolio of the miners of essential materials that span copper, uranium, silver, steel, lithium and many other metals that are critical for energy independence, national security and growth industries.”
For more news, information, and analysis, visit the Gold/Silver/Critical Minerals Content Hub.
The Sprott Active Metals and Miners ETF is new and has a limited operating history.
An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Prospectus, which contains this and other information, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing, which can also be found by clicking one of the links below.
Past performance is no guarantee of future results. One cannot invest directly in an index.
Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance.
Sprott Asset Management USA, Inc. is the Investment Adviser to the ETFs. ALPS Distributors, Inc. is the Distributor for the ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc. or VettaFi.
Exchange Traded Funds (ETFs): SETM, LITP, URNM, URN, COPP, COPJ, NIKL, SGDM, SGDJ, SLVR, GBUG and METL
Physical Bullion Funds: PHYS, PSLV, CEF, and SPPP.
