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 June 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 $1041 per oz

Performance

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

Five year returns to 16 June 2021 (in GBP)

5 Year HUINTR (GBP) GBP Gold Spot (XAU) FTSE 100 Index
Performance 36.74% 43.37% 20.75%
Annualised performance 6.46% 7.47% 3.84%
Annualised Volatility 37.28% 15.31% 16.94%
Max Drawdown 51.93% 22.43% 36.61%
Sharpe Ratio 0.16 0.46 0.21

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

Index constituents

Newmont Corp
Barrick Gold Corp
Wheaton Precious Metals Corp
AngloGold Ashanti Ltd
Kirkland Lake Gold Ltd
Kinross Gold Corp
Harmony Gold Mining Co Ltd
Agnico Eagle Mines Ltd
Equinox Gold Corp
Yamana Gold Inc
Alamos Gold Inc
Gold Fields Ltd
Pretium Resources Inc
SSR Mining Inc
B2Gold Corp
IAMGOLD Corp
Cia de Minas Buenaventura SAA
Coeur Mining Inc
Novagold Resources Inc
Eldorado Gold Corp

Discrete annual performance to 16 June 2021 (in GBP)

Jun 16 - Jun 17 Jun 17 - Jun 18 Jun 18 - Jun 19 Jun 19 - Jun 20 Jun 20 - Jun 21
HUINTR Index -8.07% -7.56% 3.66% 51.35% 2.57%
Spot Gold 8.97% -1.84% 10.66% 28.88% -6.03%
FTSE 100 Index 25.43% 2.28% -3.77% -15.02% 15.09%

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

Source: Company reports (latest available as at 16 June 2021). 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 16 June 2021

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