Following on from April’s news of Van Eck’s launch of its first European ETF products on the London Stock Exchange, Van Eck Global Investments, the management company of the Market Vectors UCITS ETFs, has cross-listed two European ETFs on Deutsche Börse’s Xetra platform.
The Market Vectors Gold Miners UCITS ETF (G2X) and the Market Vectors Junior Gold Miners UCITS ETF (G2XJ) are trading in Euro.
Like their US listed counterparts, the European Gold Mining ETFs are pure-play products with a global focus. The funds enable investors to access different spectrums of the global gold mining sector. While the Market Vectors Gold Miners UCITS ETF provides access to a comprehensive portfolio of companies throughout all market capitalisation categories, the Market Vectors Junior Gold Miners UCITS ETF invests exclusively in micro-, small- and medium- capitalisation companies, called “juniors” because they are in an exploration or early mining phase.
Lars Hamich, CEO of Van Eck Global (Europe), says: “We are proud to be launching our first UCITS ETFs on Deutsche Börse.”
Hamich added: “It is exciting to observe that since their main listing in London last month, both funds have attracted investors’ attention. The Gold Miners UCITS ETF is already the fourth largest gold mining ETF by assets invested and while the Junior ETF is smaller, we see growing interest in this product as it is the only ETF in Europe exclusively investing in junior gold mining companies.”
Dr Martin Reck, Managing Director Cash Market at Deutsche Börse AG, says: “We welcome Van Eck Global as a new issuer in our ETF segment on Xetra, the ETF trading venue with the highest liquidity and turnover in Europe. The new ETFs enhance our product offering and provide good value investment opportunities in global gold mining companies.”
You can read the April Van Eck UK launch story here.