4 min readBy Beqa Bumbeishvili ETF Insider
RING VS GDXJ
Compare the RING and GDXJ ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
The iShares MSCI ACWI Select Gold Miners ETF (RING) is managed by BlackRock, one of the world's leading investment management firms. Established with the objective of tracking the performance of the MSCI ACWI Select Gold Miners Investable Market Index (IMI), RING primarily invests in companies involved in gold mining activities across developed and emerging markets. BlackRock employs a passive indexing approach, aiming to replicate the index's performance rather than outperform it. With a focus on gold mining, RING offers investors exposure to this specific sector while diversifying across countries and regions, as of August 31, 2022.
The iShares MSCI Global Gold Miners ETF (RING) focuses on tracking the performance of the MSCI ACWI Select Gold Miners Investable Market Index (IMI), which includes a minimum of 30 companies worldwide engaged in the gold mining business. RING's dividend distributions are subject to the dividend policies and performance of its constituent gold mining companies. Typically, these distributions occur quarterly and may vary based on individual company dividends. While RING primarily aims for exposure to the gold mining sector, it is important to note that its dividend returns can be influenced by the financial health and dividend practices of the companies within its portfolio.
Tracking the MSCI ACWI Select Gold Miners Investable Market Index (IMI) is the primary objective of the BFA Global Gold Miners ETF. This ETF aims to replicate the performance of at least 30 companies involved in gold mining across developed and emerging markets. The index selection process begins with companies primarily focused on gold extraction and production, with a preference for those not hedging their exposure to gold prices. If there are fewer than 30 constituents, additional securities are added based on their hedging activities, expanding to companies engaged in gold exploration and precious metals and minerals sectors. The fund's strategy includes a capping methodology to ensure issuer weights are appropriately balanced, offering investors exposure to the global gold mining industry.
The correlation aspect of the iShares MSCI Global Gold Miners ETF (RING) is vital for investors seeking exposure to the gold mining industry. RING tracks the performance of the MSCI ACWI Select Gold Miners Investable Market Index (IMI), which includes a minimum of 30 companies involved in gold mining from both developed and emerging markets. This ETF's correlation with gold prices is expected to be strong, making it a suitable option for those looking to invest in gold-related assets. To gain deeper insights into RING's correlations with various market factors and sectors, investors can utilize the ETF Insider web app, which provides comprehensive data and visualization tools to analyze its performance and overlaps with other assets in the gold mining sector.
The RING ETF focuses on tracking the investment results of the MSCI ACWI Select Gold Miners Investable Market Index (IMI), which is comprised of a minimum of 30 companies from developed and emerging markets engaged in the gold mining business. This sector primarily includes companies involved in gold extraction and production without significant hedging activities related to gold prices. The index emphasizes diversity and caps issuer weights to prevent excessive concentration, offering investors exposure to various large, mid, and small-cap companies in the materials industry or sector, with significant representation in countries like Australia, Canada, China, and the United States. RING ETF allocates at least 40% of its assets to non-U.S. issuers and employs a passive indexing strategy to minimize costs while closely mirroring the Underlying Index's performance. Additionally, the fund may engage in securities lending and maintains an industry concentration policy aligned with the index's composition.
The iShares MSCI ACWI Select Gold Miners ETF (RING) provides exposure to companies engaged in the business of gold mining, spanning both developed and emerging markets. RING tracks the MSCI ACWI Select Gold Miners Investable Market Index (IMI), which is carefully curated to include a minimum of 30 gold mining companies. The index's methodology ensures that these companies primarily focus on gold extraction and production, and they do not hedge their exposure to gold prices, contributing to the ETF's sensitivity to gold market dynamics. RING offers investors a unique opportunity to gain exposure to the gold mining industry, with holdings diversified across various countries and regions, including Australia, Canada, China, Indonesia, Peru, South Africa, Turkey, the United Kingdom, and the United States. The ETF follows a passive indexing approach, striving to replicate the performance of its underlying index, making it a cost-effective and low-turnover investment option for those looking to participate in the gold mining sector.
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