5 Funds to Play the Gold Rush

Quantitative easing, fiscal cliff could drive the metal even higher

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Market Vectors Gold Miners ETF

If you are more interested in an ETF play on gold miners, a good choice is the Market Vectors Gold Miners ETF (NYSE:GDX).

The GDX tracks the NYSE Arca Gold Miners Index, which is focused on U.S.-listed companies with a minimum market-cap requirement of $100 million. Top holdings include Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM) and Yamana Gold (NYSE:AUY).

The GDX has posted a small gain of 1.13% year-to-date, but it has cruised as of late, rocketing 22% from August through November.

GDX manages roughly $10.25 billion in assets, so it’s able to afford a low expense ratio of 0.52%. It’s also very liquid at 13.5 million average trading volume.


Article printed from InvestorPlace Media, http://investorplace.com/2012/11/5-funds-to-play-the-gold-rush/.

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