Experts predict a further increase in the gold price. (Photo: Freepik, Billion photos)
The end of Ireland Vaneck Gold Miners ETF (ISIN: IE00BQP9F84) is an excellent option for investors who want to easily invest in the gold mining sector. This ETF forms the NYSE Arca Gold Miners Index completely physically and thus offers direct access to 56 global companies that generate at least 50 percent of their income from gold and silver mining.
Solid basis and attractive conditions
With a fund volume of $ 1.4 billion and a low total cost rate of only 0.53 percent per year, the Vaneck ETF is convincing. Around 70 percent of index weighting is in North America, the center of global gold production. The top positions include industry sizes such as Newmont, Agnico Eagle Mines and Barrick Gold, which give the fund a solid basis and stable earnings.
Competition and future prospects
The recent performance of the ETF is remarkable. After a consolidation phase between 2021 and 2023, the fund showed significant upward dynamics from March 2024. With a 1-year performance of 61 percent, an increase of over 22 percent since the beginning of the year and an increase of around 55 percent over 5 years, the Vaneck Gold Miners ETF has demonstrated its performance as a passive investment in the gold sector.
The Incrementum experts predict a further increase in the gold price, driven by global uncertainties and the continued demand for secure systems. The Vaneck ETF should also benefit from this. The combination of low costs, broad diversification and strict, standard -based index adaptation makes the ETF an attractive instrument for investors who want to benefit in the long term from the leverage and stability of the gold mining sector.
Disclaimer:
No investment advice. No call to buy or sell securities.