In today’s briefing:
- Gold Miners ETF (GDX US): Impact of Benchmark Change – Update
Gold Miners ETF (GDX US): Impact of Benchmark Change – Update
- The VanEck Gold Miners ETF/USA (GDX US) has announced a benchmark change from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index.
- The benchmark change will result in a bunch of constituent and weight changes in September. Estimated one-way turnover is 16.5% resulting in a one-way trade of US$3.15bn.
- The flow and turnover numbers will change following constituent and capping changes for the MarketVector Global Gold Miners Index at the September rebalance.
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