Amundi NYSE Arca Gold BUGS UCITS ETF Dist (GLDM)

Profile

https://oci-global.com

Amundi NYSE Arca Gold BUGS UCITS ETF Dist is an exchange-traded fund that tracks the NYSE Arca Gold BUGS Index, providing targeted exposure to companies engaged in gold mining and production. It employs a direct replication strategy by investing primarily in stocks of gold miners across all market capitalizations, with a key focus on those that limit gold production hedging to no more than 1.5 years, enhancing sensitivity to short-term gold price movements. Managed by Amundi and domiciled in Luxembourg, this UCITS-compliant fund maintains assets under management around 677 to 826 million euros and features a total expense ratio of 0.65%. It distributes dividends annually, with recent yields approximately 0.14% to 0.34%. Top holdings include major producers like Newmont Corp (15.93%) and Agnico Eagle Mines (14.61%), alongside other firms in the basic materials sector such as Wheaton Precious Metals and Barrick Gold. This ETF serves as a specialized vehicle for accessing the gold mining industry, offering European investors efficient, long-only equity exposure without currency hedging.