Hey Nord. Can I get you opinion on this - is it the reason some Aussie goldies are falling despite the rise in POG?
Quite a few goldies feeling some pain.. something to do with so much money pouring into the ETF that they are being forced to re-allocate because of their rules.
'Curse of Success' Leads the Most Popular Mining ETF to Widen Its Holdings
The world’s second-largest exchange-traded fund linked to material producers has become the victim of its own success.
With investors piling in amid a precious-metals recovery, VanEck Vectors Junior Gold MinersETF’s assets jumped 60 percent to $5.54 billion this year. That created a dilemma for the fund that tracks the MVIS Junior Gold Miners Index, as its holdings surge above 10 percent of some of the companies it owns.
On Thursday, MVIS Index Solutions, a VanEck company, announced changes to its equity indexes, widening the criteria for inclusion into the gauge that is tracked by VanEck’s junior gold miner ETF.
https://www.bloomberg.com/news/arti...old-miner-etf-seen-rebalancing-as-assets-soar
TA - NST, page-40
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