4 min readBy Ron Koren ETF Insider
GOEX VS IAU
Compare the GOEX and IAU ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
iShares MSCI ACWI Select Metals & Mining Producers ex Gold and Silver ETF Issuer BlackRock, Inc. is the issuer of the iShares MSCI ACWI Select Metals & Mining Producers ex Gold and Silver ETF. BlackRock, Inc. is a global investment management firm founded in 1988. As one of the world's largest asset managers, BlackRock manages assets for a wide range of clients, including individual investors, institutions, and governments. The firm is known for its diverse range of investment products, including exchange-traded funds (ETFs), mutual funds, and other investment strategies. The iShares ETFs offered by BlackRock are renowned for their breadth and depth, providing investors with exposure to various asset classes, sectors, and geographic regions. The iShares MSCI ACWI Select Metals & Mining Producers ex Gold and Silver ETF is designed to track the performance of companies involved in the extraction and production of metals and minerals, excluding gold and silver, making it a valuable addition to BlackRock's ETF lineup for investors seeking exposure to this specific sector.
While the primary focus of the iShares Global Metals & Mining Dividend ETF may be on the performance of the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index, it also offers potential dividend returns to investors. Dividend distributions from this ETF typically follow the dividend policies and performances of the underlying companies in the metals and mining industry. Investors seeking exposure to this sector for both capital appreciation and potential dividends may find this ETF to be a suitable investment choice.
PICK (iShares MSCI Global Metals & Mining Producers ETF) aims to track the investment results of the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index (IMI). Developed by MSCI Inc., this index measures the combined performance of equity securities of companies globally, both in developed and emerging markets. These companies primarily engage in the extraction or production of diversified metals, the production of aluminum or steel, and in the mining of precious metals and minerals, excluding gold and silver. The Underlying Index includes large, mid, and small-cap companies from various countries, with an emphasis on the materials industry. PICK follows a passive indexing approach, seeking to replicate the index it tracks while maintaining low portfolio turnover and aiming for cost efficiency.
The correlation aspect of the iShares MSCI Global Metals & Mining Producers ETF (PICK) is crucial in understanding its behavior in relation to the global metals and mining sector. As PICK tracks the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index, it typically exhibits a strong correlation with companies primarily involved in the extraction or production of diversified metals, aluminum, steel, and non-gold and non-silver mining. This strong correlation can make PICK an effective tool for investors looking to gain exposure to the metals and mining industry or seeking diversification within this sector. For detailed insights into PICK's correlations with other assets and sectors, ETF Insider offers a web app with visualization tools, enabling investors to analyze correlations deeply and uncover potential overlap in their portfolios.
The iShares MSCI Global Select Metals & Mining Producers ETF (PICK) is strategically positioned within the materials sector, focusing specifically on global metals and mining producers. This sectoral concentration provides investors with targeted exposure to companies involved in the extraction and processing of various metals and minerals. Investing in PICK allows individuals to align their portfolios with trends and developments in the global metals and mining industry, although it's important to note that this concentrated sector exposure may introduce higher volatility compared to more diversified ETFs.
The exposure characteristic of the PICK ETF, iShares MSCI Global Metals & Mining Producers ETFF, is centered on companies primarily engaged in the extraction or production of diversified metals, aluminum, steel, and non-gold and non-silver mining activities. This ETF tracks the MSCI ACWI Select Metals &Mining Producers ex Gold and Silver Investable Market Index, providing investors with exposure to both developed and emerging markets involved in the metals and mining sector. As of August 31, 2022, the Underlying Index consisted of securities from 32 countries or regions, and the fund typically allocates at least 40% of its assets to international issuers or businesses. For those looking to access this specific segment of the materials industry on a global scale, the PICK ETF offers a passive investment approach.
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4 min readCompare the GOEX and IAU ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
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