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Should You Invest in the iShares MSCI Global Gold Miners ETF (RING)?
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The iShares MSCI Global Gold Miners ETF (RING - Free Report) was launched on 01/31/2012, and is a passively managed exchange traded fund designed to offer broad exposure to the Materials - Gold Mining segment of the U.S. equity market.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Materials - Gold Mining is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.
Index Details
The fund is sponsored by Blackrock. It has amassed assets over $303.03 M, making it one of the average sized ETFs attempting to match the performance of the Materials - Gold Mining segment of the U.S. equity market. RING seeks to match the performance of the MSCI ACWI Select Gold Miners Investable Market Index before fees and expenses.
The MSCI ACWI Select Gold Miners Investable Market Index measures the equity performance of comps in both developed & emerging markets that derive the majority of their revenues from gold mining.
Costs
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Annual operating expenses for this ETF are 0.39%, making it the least expensive product in the space.
It has a 12-month trailing dividend yield of 0.43%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Newmont Mining Corp (NEM - Free Report) accounts for about 16.22% of total assets, followed by Barrick Gold Corp and Newcrest Mining Ltd (NCM).
The top 10 holdings account for about 67.30% of total assets under management.
Performance and Risk
The ETF has lost about -3.19% and is up roughly 2.87% so far this year and in the past one year (as of 05/04/2018), respectively. RING has traded between $16.88 and $20.84 during this last 52-week period.
The ETF has a beta of -0.05 and standard deviation of 40.15% for the trailing three-year period, making it a high risk choice in the space. With about 41 holdings, it has more concentrated exposure than peers.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Should You Invest in the iShares MSCI Global Gold Miners ETF (RING)?
The iShares MSCI Global Gold Miners ETF (RING - Free Report) was launched on 01/31/2012, and is a passively managed exchange traded fund designed to offer broad exposure to the Materials - Gold Mining segment of the U.S. equity market.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Materials - Gold Mining is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.
Index Details
The fund is sponsored by Blackrock. It has amassed assets over $303.03 M, making it one of the average sized ETFs attempting to match the performance of the Materials - Gold Mining segment of the U.S. equity market. RING seeks to match the performance of the MSCI ACWI Select Gold Miners Investable Market Index before fees and expenses.
The MSCI ACWI Select Gold Miners Investable Market Index measures the equity performance of comps in both developed & emerging markets that derive the majority of their revenues from gold mining.
Costs
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Annual operating expenses for this ETF are 0.39%, making it the least expensive product in the space.
It has a 12-month trailing dividend yield of 0.43%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Newmont Mining Corp (NEM - Free Report) accounts for about 16.22% of total assets, followed by Barrick Gold Corp and Newcrest Mining Ltd (NCM).
The top 10 holdings account for about 67.30% of total assets under management.
Performance and Risk
The ETF has lost about -3.19% and is up roughly 2.87% so far this year and in the past one year (as of 05/04/2018), respectively. RING has traded between $16.88 and $20.84 during this last 52-week period.
The ETF has a beta of -0.05 and standard deviation of 40.15% for the trailing three-year period, making it a high risk choice in the space. With about 41 holdings, it has more concentrated exposure than peers.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.