GDXJ rebalance brings opportunity

New York, USA investment management firm VanEck will rebalance its GDXJ junior gold ETF on June 16 to increase the size of eligible companies to about US$3 billion as the related ETF fund has become too big for the connected index of companies.This means VanEck has taken increasingly larger ownership stakes in relatively illiquid junior companies. By Paul Harris

GDXJ rebalance brings opportunity GDXJ rebalance brings opportunity GDXJ rebalance brings opportunity GDXJ rebalance brings opportunity GDXJ rebalance brings opportunity

“Over the last two yeasrs [the GDXJ] has basically tripled and now has assets under management of around US$5 billion and that makes it more difficult for them to make an investment in smaller