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Update on MNRS ETF

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Update on MNRS ETF

I believe MNRS was held in the ETF portfolio at one stage, this appears to have dropped off?!! Would you please provide your updated opinion on this ETF? Is this just another replication of the gold price, similar to the ETF GOLD and experiencing a short term top? Thanks

Answer

Hi Brad,

The Core ETF Portfolio has not held the MNRS ETF. The MNRS reflects the price of the Global Gold Miners, its largest holdings are:

  • Newmont 8.6%, Wheaton Precious Metals 8.3%, Agnico Mines 8.3%, Barrick Gold 8.2%, and Franco-Nevada 7.7%.

We are bullish the gold stocks, both locally and overseas, MNRS would look attractive from a risk/reward perspective below $6.

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BetaShares Global Gold Miners ETF (MNRS)
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