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Is This ETF Challenging the GDX and GDXJ?

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The U.S. Global GO GOLD and Precious Metal Miners ETF (GOGO) launched earlier this year on the Toronto Stock Exchange, holding 28 precious metals names with an emphasis on North American royalty and streaming companies. U.S. Global Investors, together with its Toronto-based subsidiary Galileo Global, decided to bring its expertise in the gold industry to Canadian ETF investors, after launching GOGO’s “sister ETF” in June 2017, under the ticker symbol GOAU on the New York Stock Exchange.

Galileo Global chief investment officer Samuel Pelaez spoke recently with Investing News Network to discuss the opportunity that GOGO presents to the Canadian market, and touches on why this ETF is challenging both the GDX and GDXJ.

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Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.

About Galileo Global Equity Advisors

With over 25 years of experience specializing in the small and micro-cap equity space, Galileo Global Equity Advisors has become one of Canada’s premier boutique investment managers specializing in smaller company investment strategies.

U.S. Global Investors is the portfolio advisor and manager of the U.S. Global Canadian ETFs whereas Galileo is the Manager and Trustee of the Canadian ETFs. U.S. Global owns a 65% interest in Galileo.

 

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