This ASX traded currency hedged ETF looks to track the performance of gold stocks that aren’t listed in Australia such as Barrick Gold Corp (GOLD US), Wheaton Precious Metals (WPM US), Agnico Eagle Mines (AEM US) and Newmont Corp (NEM US). In line with our bullish call on the $US we anticipate a correction, period of consolidation, by this ETF but we re investing here for the long haul.
- We wouldn’t be surprised to see the MNRS ETF test 8-10% lower in the short term.
MM remains long and bullish on the MNRS ETF medium/long term
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