As I understand only NST, OGC and IGO will qualify for GDXJ inclusion from ASX listed miners. EVN is too big.
http://www.etf.com/sections/features-and-news/popular-gold-miners-etf-change-dramatically
According to a press release from the firm, starting on June 17, "companies ranking between 60% and 98% (currently: between 80% and 98%) of the full market capitalization [of the investable gold miner universe] qualify for inclusion in the MVIS Global Junior Gold Miners Index."
Translated into market-capitalization terms, that means the market-cap range for new index components may expand from $75 million - $1.6 billion to $75 million - $2.9 billion, according to a Scotiabank report published on Thursday.
EVN's MC is above 3B. And I don't really understand IGO - when Nova ramps up shouldn't it be excluded from both GDX/GDXJ?
I can't see other ASX listed miner that is not already in the GDXJ and will qualify for inclusion.
As I understand only NST, OGC and IGO will qualify for GDXJ...
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