5 min readBy Ron Koren ETF Insider
How does the SILX ETF work?
The SILX ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
Global X Funds' SIL issuer focuses on providing investors exposure to the silver mining industry through its investment strategy. The fund primarily invests in securities listed in the Solactive Global Silver Miners Total Return Index, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) related to the index. Moreover, it allocates a substantial portion of its assets to companies economically tied to silver mining, encompassing activities such as exploration and refining. With non-fundamental 80% investment policies subject to shareholder notification, the fund may also engage in securities lending, representing up to one-third of its total assets. The Solactive AG-sponsored Underlying Index, independent of the fund and its management, comprises global companies involved in silver mining, with 22 out of 32 constituents being foreign companies as of December 31, 2023. The fund's investment approach is passive, aiming to replicate the performance of the Underlying Index closely. While typically employing a replication strategy, it may resort to a representative sampling approach under specific circumstances, aiming to maintain a correlation of over 95% with the Underlying Index. Notably, the fund's industry concentration mirrors that of the Underlying Index, which as of December 31, 2023, was notably focused on the metals and mining sector with significant exposure to materials.
The SIL issuer, under Global X Funds, provides investors with exposure to the silver mining industry through its investment strategy. This strategy entails investing in securities listed in the Solactive Global Silver Miners Total Return Index, including ADRs and GDRs related to the index, as well as companies economically tied to silver mining activities. With a passive investment approach, the fund aims to replicate the performance of the underlying index closely. As of December 31, 2023, the index comprised 32 constituents, with a notable concentration in the metals and mining industry and significant exposure to materials. The fund's concentration in this industry aligns with that of the underlying index. Additionally, the fund's investment policies are non-fundamental, with 80% of its assets allocated to securities tied to the silver mining industry, subject to shareholder notification. It may also engage in securities lending, representing up to one-third of its total assets. Overall, the SIL issuer offers investors an opportunity to participate in the silver mining sector through a diversified portfolio approach.
The SIL issuer, operating under Global X Funds, offers investors exposure to the silver mining industry through its investment strategy. The fund primarily invests in securities listed in the Solactive Global Silver Miners Total Return Index, including ADRs and GDRs related to the index, as well as companies economically tied to silver mining activities. With a passive investment approach, the fund aims to closely replicate the performance of the underlying index. As of December 31, 2023, the index comprised 32 constituents, with a notable concentration in the metals and mining industry and significant exposure to materials. The fund's investment policies are non-fundamental, requiring 80% of its assets to be allocated to securities tied to the silver mining industry, subject to shareholder notification. It may also engage in securities lending, representing up to one-third of its total assets. The SIL issuer provides investors with a convenient way to track the performance of the global silver mining industry through a diversified portfolio approach.
The SIL issuer, part of Global X Funds, offers investors exposure to the silver mining industry through its investment strategy. By primarily investing in securities listed in the Solactive Global Silver Miners Total Return Index, including ADRs and GDRs related to the index, as well as companies economically tied to silver mining activities, the fund aims to closely track the performance of the underlying index. As of December 31, 2023, the index comprised 32 constituents, with a notable concentration in the metals and mining industry and significant exposure to materials. With a passive investment approach, the fund seeks to replicate the index's performance closely. The fund's investment policies, which require 80% of its assets to be allocated to securities tied to the silver mining industry, are non-fundamental and subject to shareholder notification. Additionally, the SIL issuer may engage in securities lending, representing up to one-third of its total assets. Over time, the fund expects its correlation to the underlying index, before fees and expenses, to exceed 95%, indicating a strong alignment between the fund's performance and that of the index it tracks.
The SIL issuer, operated by Global X Funds, specializes in providing investors exposure to the silver mining industry through its investment strategy. The fund primarily invests in securities listed in the Solactive Global Silver Miners Total Return Index, which includes American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) related to the index, as well as companies economically tied to silver mining activities. With a passive investment approach, the fund aims to replicate the performance of the underlying index closely. As of December 31, 2023, the index comprised 32 constituents, with a notable concentration in the metals and mining sector and significant exposure to materials. Consequently, the SIL issuer's portfolio reflects this concentration, aligning its sectoral focus with the underlying index to offer investors a targeted exposure to the silver mining industry.
The SIL issuer, managed by Global X Funds, provides investors with exposure to the silver mining industry through its investment strategy. The fund primarily invests in securities listed in the Solactive Global Silver Miners Total Return Index, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) related to the index, as well as companies economically tied to silver mining activities such as exploration and refining. As of December 31, 2023, the index comprised 32 constituents, with a notable concentration in the metals and mining industry and significant exposure to materials. By focusing on these sectors, the SIL issuer offers investors a targeted exposure to the global silver mining industry, allowing them to participate in the potential growth and performance of this specific market segment.
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5 min readThe SILX ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
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