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Tuesday, April 20, 2021

The ‘Gold Bug’ ETFs Brought the Best August Returns


Investing in gold and silver miners paid off this month for investors in equity ETF (exchange-traded funds).

BlackRock Inc.’s iShares MSCI Global Gold Miners ETF, known as RING returned almost 14% in August, more than any other unleveraged stock fund in the US.

Close behind, with gains approaching 13%, are 2 funds of silver miners, with strategies tracking ore extractors accounting for 8 of the Top 10 performers.

With bond yields increasingly depressed, many investors that are taking off risk are heading into alternatives, like commodities.

This week, gold prices rose to 6-year highs and silver marked its strongest in 2 years, as concerns the US-China trade dispute is weighing on global economic growth boosted the appeal of safe havens.

Gold rallied nearly 7% in August, and silver 13%.

Gold’s current price level hints at a potentially longer, sustained rally,” according to a portfolio manager and strategist at VanEck. “We believe this, along with the steps gold miners have taken to reduce costs and capital expenditures, make gold stocks an attractive opportunity,” he wrote in an e-Mailed note this week to clients.

Have a terrific holiday weekend.

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