(Ticker GOLB)
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 23 holdings as at 28 June 2024.
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 $1,430 per oz
Performance
Source: Bloomberg. Past performance should not be used as an indicator of future performance.
Five year returns to 28 June 2024 (in GBP)
5 Year | HUINTR (GBP) | GBP Gold Spot (XAU) | FTSE 100 Index |
---|---|---|---|
Performance | 46.82% | 65.76% | 9.95% |
Annualised performance | 7.98% | 10.64% | 1.91% |
Annualised Volatility | 36.17% | 14.69% | 17.43% |
Max Drawdown | 42.14% | 22.43% | 35.03% |
Sharpe Ratio | 0.17 | 0.59 | 0.00 |
Source: Bloomberg. Past performance should not be used as an indicator of future performance.
Index constituents
Discrete annual performance to 28 June 2024 (in GBP)
Jun 19 - Jun 20 | Jun 20 - Jun 21 | Jun 21 - Jun 22 | Jun 22 - Jun 23 | Jun 23 - Jun 24 | |
---|---|---|---|---|---|
HUINTR Index (GBP) | 56.34% | -17.87% | -4.93% | 3.13% | 16.62% |
Spot Gold (GBP) | 29.38% | -10.90% | 15.97% | 1.82% | 21.78% |
FTSE 100 Index | -16.91% | 14.06% | 1.87% | 5.05% | 8.40% |
Source: Bloomberg. Past performance should not be used as an indicator of future performance.
Source: Company reports (latest available as at 28 June 2024). Weighted average based on sample of 15 constituents. Nil return is where AISC figure not reported.
What does gearing to the gold price mean?
Source: Bloomberg, Market Access, data as at 28 June 2024
Significance of the debt/equity ratio
Fund documentation
Factsheet
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KIID
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Market Access Prospectus December 2021
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UK Reporting Fund Status
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PRIIPS KID
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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 |