38.54000 USD
0.03
0.08%
Last update Dec 17, 4:29 PM GMT
Main market
Day range
38.44000
39.25
Previous close
38.51000
Open
39.029999
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iShares Gold Producers Mutual Fund
38.54
0.03
0.08%

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

Address
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Website
Instrument type
ETF
Country
United Kingdom
MIC code
XLON
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