VanEck Europe has listed a Ucits exchange-traded fund (ETF) for global metal and mining companies on the London Stock Exchange hoping to benefit from the burgeoning electric car industry.
The firm believes that electric vehicles have the potential to be a disruptive force underpinning demand for commodities and that the metal and mining industry are well positioned in the current market. Mining shares in particular have broken their downtrend thanks to industry-wide restructuring measures.
The VanEck Vectors Global Mining Ucits ETF tracks performance of the EMIX Global Mining Constrained Weights Index - a rule-based market capitalisation index.
It offers investors global exposure to metal and mining companies from developed and emerging markets including the UK, Canada, Australia, the USA, Brazil, Mexico, South Africa, Russia and China.
The ETF also offers a diversified portfolio of mining companies that extract gold, silver, copper and other metals. The index comprises 160 equities in 24 markets.
Dominik Poiger, trader and ETF portfolio manager at VanEck, said: “The current market environment is beneficial for the metal and mining industry. The ongoing industry-wide restructuring theme and strong fundamental data are precisely what commodities investments need.”
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