Has anyone used ZJG.to instead of GDXJ for the Juniors? I
understand it is more of a pure gold ETF unlike GDXJ which has some
silver miners. Would appreciate thoughts.
billnew52 - I've never used ZJG.TO, but according to the issuer,
"BMO Junior Gold Index ETF has been designed to replicate, to the
extent possible, the performance of the Dow Jones North America
Select Junior Gold Index", which is all component stocks of the Dow
Jones U.S. Total Stock Market IndexSM and the Dow Jones Canada
Total Stock Market IndexSM that are categorized into the Gold
Mining Subsector as defined by the Industry Classification
Benchmark (ICB). Here's a link to the index fact sheet:
http://www.djindexes.com/mdsidx/downloads/fact_info/Dow_Jones_North_America_Select_Junior_Gold_Index_Fact_Sheet.pdf Note: ZJG is highly illiquid (<100,000 shares/day).
ZJG.to
GDX -- Goldstocks
Posted by billnew52 on 9th of Sep 2011 at 09:17 am
Has anyone used ZJG.to instead of GDXJ for the Juniors? I understand it is more of a pure gold ETF unlike GDXJ which has some silver miners. Would appreciate thoughts.
THX
billnew52 - I've never used
Posted by yojimbo on 9th of Sep 2011 at 09:33 am
billnew52 - I've never used ZJG.TO, but according to the issuer, "BMO Junior Gold Index ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones North America Select Junior Gold Index", which is all component stocks of the Dow Jones U.S. Total Stock Market IndexSM and the Dow Jones Canada Total Stock Market IndexSM that are categorized into the Gold Mining Subsector as defined by the Industry Classification Benchmark (ICB). Here's a link to the index fact sheet:
http://www.djindexes.com/mdsidx/downloads/fact_info/Dow_Jones_North_America_Select_Junior_Gold_Index_Fact_Sheet.pdf
Note: ZJG is highly illiquid (<100,000 shares/day).
ZJG.to
Posted by billnew52 on 9th of Sep 2011 at 09:52 am
Thanks for the excellent info.
Bill