Sprott Gold Miners ETF hits $100 million in assets


By Tom Lydon
ETFTrends.com, Irvine, California
Monday, December 22, 2014

One of the newest entrants to the gold miners exchange traded funds arena is proving to be successful. The Sprott Gold Miners ETF (SGDM) has eclipsed $100 million in assets under management, according to a statement issued today.

SGDM's ascent to $100 million in assets under management makes the ETF one of the most successful new ETFs to come to market this year.

Several factors make SGDM's asset-gathering acumen even more impressive. First, the ETF debuted in July, meaning the fund has needed less than half of 2014 to gather $100 million in assets. Second, gold prices have stumbled since SGDM debuted. Over the past six months, the SPDR Gold Shares fund has plunged 10.6 percent. ...

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