Market Access NYSE Arca Gold BUGS Index UCITS ETF
(Ticker GOLB)
Exposure to unhedged gold mining stocks
For professional investors only. Capital at risk

Background

The Market Access NYSE Arca Gold BUGS Index UCITS ETF (GOLB) was first listed in Europe in 2007 and cross listed on the London Stock Exchange in April 2020.

The ETF tracks the NYSE® Arca Gold Bugs Index™ (HUINTR), which has 20 holdings as at 16 September 2021.

The Index is designed to provide significant exposure to near-term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years hence the “BUGS” – Basket of Unhedged Gold Stocks.

The HUINTR Index is calculated on a net total return basis, meaning that it factors in dividends paid by index constituents net of any applicable withholding tax.

Reasons to consider gold miners now

  • Low real interest rates and economic recovery provide a supportive backdrop for the gold price
  • Index constituents have low debt/equity levels which increases their gearing to the gold price
  • Index constituent weighted average all-in sustaining costs (AISC) of production $1166 per oz

Performance

Source: Bloomberg. Past performance should not be used as an indicator of future performance.

Five year returns to 30 September 2022 (in GBP)

5 YearHUINTR (GBP)GBP Gold Spot (XAU)FTSE 100 Index
Performance24.01%55.63%-6.50%
Annualised performance4.40%9.25%-1.33%
Annualised Volatility35.13%13.98%17.70%
Max Drawdown42.14%22.43%36.61%
Sharpe Ratio2.977.825.58

Source: Bloomberg. Past performance should not be used as an indicator of future performance.

Index constituents

Barrick Gold Corp
Newmont Corp
Franco-Nevada Corp
New Gold Inc
Coeur Mining Inc
Cia de Minas Buenaventura SAA
Kinross Gold Corp
Harmony Gold Mining Co Ltd
Equinox Gold Corp
SSR Mining Inc
Novagold Resources Inc
Eldorado Gold Corp
AngloGold Ashanti Ltd
Osisko Gold Royalties Ltd
Alamos Gold Inc
Wheaton Precious Metals Corp
Yamana Gold Inc
Royal Gold Inc
Gold Fields Ltd
Agnico Eagle Mines Ltd
Seabridge Gold Inc
B2Gold Corp
Sandstorm Gold Ltd
IAMGOLD Corp

Discrete annual performance to 30 September 2022 (in GBP)

Sept 17 - Sept 18Sept 18 - Sept 19Sept 19 - Sept 20Sept 20 - Sept 21Sept 21 - Sept 22
HUINTR Index (GBP)-25.75%53.59%53.90%-31.75%3.52%
Spot Gold (GBP)-4.31%31.04%21.82%-10.65%14.03%
FTSE 100 Index1.86%-1.36%-20.82%20.80%-2.72%

Source: Bloomberg. Past performance should not be used as an indicator of future performance.

Source: Company reports (latest available as at 30 September 2022). Weighted average based on sample of 17 constituents. Nil return is where AISC figure not reported.

What does gearing to the gold price mean?

Source: Bloomberg, Market Access, data as at 30 September 2022

Significance of the debt/equity ratio

How to invest

Please contact your wealth management adviser or stockbroker. The ETF is also available through leading online investment platforms. The ETF is ISA and SIPP eligible.

Please contact us if there any issues with trading the ETF through a platform and we will gladly try to assist.

To find out more, please click here for fund information and literature.

Please read the prospectus, including the risk factors, and KIID before making an investment in the ETF.

Click here to find out more about Market Access and China Post Global.

key features

Legal form UCITS ETF
ISIN LU0259322260
TER / OCF 0.65%
Domicile Luxembourg
Management Company FundRock Management Company S.A.
Investment Manager China Post Global (UK) Limited
Custodian and Administrator RBC Investor Services Bank S.A.
Replication Synthetic (swap with Barclays Bank Plc)
ISA / SIPP eligible Yes
UK Reporting Fund Status Yes