UBS AM launches US gold and silver miners ETF

Wed Jan 29 2025

UBS Asset Management (UBS AM) has extended its range of commodity ETFs with the launch of a strategy capturing US-listed gold and silver miners.  The UBS ETF - Solactive US Listed Gold & Silver Miners UCITS ETF (GLDSL) is listed on list on SIX Swiss Exchange.

GLDSL tracks the Solactive Gold & Silver Miners US Listings Carbon Tilted index which captures 21 US-listed companies that are active in the gold and silver mining industry.  Its top three holdings are Agnico-Eagle Mines (11.3%), Alamos Gold (10.3%) and Kinross Gold Corp (10%).

Companies generating more than 30% of their revenues from thermal coal are excluded from the index. The index also excludes companies failing to respect international norms such as the UN Global Compact, Organisation for Economic Co-operation and Development (OECD) Guidelines and UN Guiding Principles on Business and Human Rights.

Elsewhere, UBS Asset Management unveiled an exchange-traded commodity (ETC) providing physical exposure to EU carbon emissions allowances last June.

Source: https://www.etfstream.com/