1 August 2024
VanEck’s Gold Miners UCITS ETF has reached $1 billion in assets under management, reflecting strong global demand for gold amid economic uncertainties and geopolitical tensions. The ETF tracks major gold and silver mining companies, benefiting from record-high gold prices exceeding $2,300. VanEck’s CEO Martijn Rozemuller notes that investors are seeking gold as a safe haven asset, while Portfolio Manager Imaru Casanova suggests gold mining stocks may outperform bullion. The ETF offers diversified exposure to the gold mining sector, with top holdings including Newmont Corporation, Agnico Eagle Mines, and Barrick Gold Corporation.