Van Eck Adds Small-Mid Cap Gold Miners ETF

Van Eck has added another gold miners ETF to its line-up with the introduction of the Market Vectors Junior Gold Miners ETF (GDXJ).

The new ETF tracks an index that provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining or hold real property that has the potential to produce at least 50% of the company‚Äôs revenue from gold or silver mining when developed, or primarily invest in gold or silver.

Top holdings include Coeur d’Alene Mines Corp., Hecla MiningSilver Standard Resources andGammon Gold.  The expense ratio is 0.60%.

For more ETF investing choices, see the commodity ETF directory.