For investors seeking momentum, Global X Gold Explorers ETF GOEX is probably on the radar. The fund just hit a 52-week high and has moved up 45% from its 52-week low of $26.39 per share.
The Fed minutes infused some optimism as most officials favored a September rate cut if inflation continued to cool. Sector ETFs, which are the major beneficiaries of a rate cut, rallied to new 52-week highs.
Wall Street registered the best week of the year for major indexes.
![]() GOEX 11 months ago Paid | Semi Annual | $0.01 Per Share |
![]() GOEX 29 Jun 2023 Paid | Semi Annual | $0.01 Per Share |
![]() GOEX 29 Dec 2022 Paid | Semi Annual | $0.21 Per Share |
![]() GOEX 29 Jun 2022 Paid | Semi Annual | $0.05 Per Share |
![]() GOEX 30 Dec 2021 Paid | Semi Annual | $0.54 Per Share |
![]() GOEX 11 months ago Paid | Semi Annual | $0.01 Per Share |
![]() GOEX 29 Jun 2023 Paid | Semi Annual | $0.01 Per Share |
![]() GOEX 29 Dec 2022 Paid | Semi Annual | $0.21 Per Share |
![]() GOEX 29 Jun 2022 Paid | Semi Annual | $0.05 Per Share |
![]() GOEX 30 Dec 2021 Paid | Semi Annual | $0.54 Per Share |
XBER Exchange | US Country |
The company specializes in investment services, focusing on gold exploration sectors across the globe. By investing a significant portion of its total assets into securities within a specialized index, alongside American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that are based on these securities, the company aims to provide investors with access to the broad-based equity market performance of companies involved in gold exploration. The underlying index, which the company's investments follow, is meticulously constructed based on free float-adjusted, liquidity-tested, and market capitalization-weighted metrics. This strategic approach to investment aims to capture the essence of global gold exploration market performance, providing a non-diversified but focused investment portfolio to its stakeholders.
Investing primarily in the securities that constitute the underlying index, the company focuses on capturing the overall market dynamics and performance of global gold exploration companies. This includes direct investments in stocks and other securities within the index that meet the company's stringent selection criteria based on liquidity, market capitalization, and free float adjustments.
As part of its diversified investment approach, the company also invests in ADRs and GDRs that are based on the securities in the gold exploration sector. These financial instruments allow the company to gain exposure to foreign markets without the intricacies and risks associated with direct investments in foreign stock exchanges, thereby providing a more balanced and accessible way for investors to tap into the gold exploration sector globally.