33.040001 EUR
0.13
0.39%
Last update Dec 18, 9:22 AM CET
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Day range
33.040001
33.040001
Previous close
33.17000
Open
33.040001
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iShares Gold Producers Mutual Fund
33.04
0.13
0.39%

Overview

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Description

The iShares Gold Producers Mutual Fund is a mutual fund designed to provide investors with exposure to the gold industry by primarily investing in companies involved in the production and mining of gold. This fund aims to track the performance of the gold producers' sector, offering diversification across a range of companies within the mining industry. Notable features of this fund include its focus on established gold producers, which may include both large multinational corporations and smaller, emerging entities that engage in gold extraction and processing. The fund's holdings are diversified globally, as the market for gold is international, impacting sectors such as mining, precious metals, and commodities trading. By targeting companies that play a central role in gold production, the fund provides investors an opportunity to participate indirectly in the gold market, while also reflecting broader trends in the mining sector. The iShares Gold Producers Mutual Fund plays a significant role in the financial market by allowing investors to hedge against inflation and currency fluctuations through its allocation in gold-related equities.

About

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Instrument type
ETF
Country
Germany
MIC code
XHAM
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