Van Eck unveils junior gold miners ETF

The Market Vectors Junior Gold Miners ETF offers exposure to junior mining companies, many of which are actively engaged in developing new sources of gold. The fund tracks the Market Vectors Junior Gold Miners index, comprising a global universe of publicly traded small and mid-capitalisation companies that generate at least 50% of their revenues from gold or silver mining. The weighted average market capitalisation of the index's constituents was $850m as of September 30, according to Van Eck. At the same date, the top six countries by weighting were Canada (62.6%), the US (21.8%), A...