The team at Galileo is very happy to announce that in its first five quarters of trading, the U.S. Global GO GOLD and Precious Metals Miners ETF (TSX:GOGO) has outperformed the competition. As of the most recent quarter end and during a rough period for gold, GOGO delivered a return of -2.92 percent, while the iShares S&P/TSX Global Gold Index ETF (XGD) returned -10.15 percent.
The smart beta construction of GOGO resulted in lower risk metrics than its competitor XGD.
GOGO provides investors access to companies engaged in the production of precious metals either through active (mining or production) or passive (owning royalties or production streams) means. Rather than focusing solely on mining stocks with large market caps, the fund seeks high-quality, well-managed producers with a proven track record of profitability, even when precious metals prices are down.
Want to learn more about GOGO and investing in gold and precious metals miners? Visit the fund page here or give me a call at 647-534-9884!
Past performance does not guarantee future results.
Please consider carefully a fund’s investment objectives, risks, charges and expenses. To obtain a prospectus for the U.S. Global GO GOLD and Precious Metal Miners ETF (TSX:GOGO) please click here.
Smart beta refers to investment strategies that emphasize the use of alternative weighting schemes to traditional market capitalization based indices.
Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.
The iShares S&P/TSX Global Gold Index ETF seeks to provide long-term capital growth by replicating the performance of the S&P/TSX Global Gold Index, net of expenses.
The U.S. Global GO GOLD and Precious Metals Miners ETF has an expense ratio of 0.60 percent.
The iShares S&P/TSX Global Gold Index ETF has an expense ratio of 0.61 percent.