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GDIG
VanEck Vectors Global Mining UCITS ETF

Index Description

The EMIX Global Mining Constrained Weights Index measures the returns of global companies primarily involved in the metal and mineral extraction industries. The EMIX Global Mining Constrained Weights Index is market capitalisation weighted, free float adjusted and covers both Emerging and Developed Markets.

Index Key Points

Underlying Index
EMIX Global Mining Constrained Weights Index

Companies eligible for inclusion

Global firms with the following EMICS sector classifications: Energy, Metals & Mineral Extraction, Gold and Diversified Natural Resources.

 

Methodology highlights

  • Quarterly rebalancing
  • Stocks chosen from a Liquid Universe determined by trading volumes and market capitalization
  • Starting universe is the EMIX Global Mining Index (EGMI). Rebalancing of EGMI occurs as follows:

    1. Existing EGMI stocks ranked by market capitalization, market capitalization representing the 99.75th percentile is obtained
    2. The market value found in step 1 is rounded to nearest USD50MM (the Threshold Value)
    3. Companies with market caps at least 20% higher than the Threshold Value that are not already EGMI constituents are added to the index
    4. Companies with market caps less than 20% lower than the Threshold Value that are EGMI constituents are removed from the index
    5. Companies no longer eligible for EGMI are removed from the index

 

  • Following the rebalancing of the EGMI Index, the Methodology for EMIX Constrained Weights Indices is then applied. In short, the constraining process follows a trial-and-error process to ensure the following two entity weight conditions are met:
    • no more than 9% weight in any one entity
    • there is no more than 4.5% weight in any one entity unless the sum of such entities does not exceed a 36% weight

 

Index Provider
IHS Markit

For more information about the index please click here

Index Information
 

  • Index Provider

    IHS Markit

  • Index Type

    Total Return

  • Currency

    USD

  • Inception Date

    05 Feb 1989

  • Rebalance Frequency

    Quarterly

  • Bloomberg Ticker

    JCGMMUN

  • Reuters Ticker

    .JCGMMUN

Index Top 10 Constituents (%) as of 31 Dec 2021

Total Constituents: 166
Constituent Name
Ticker
Weightings (%)
Rio Tinto Plc
RIO LN
6.37
Freeport-Mcmoran Inc
FCX US
5.55
Bhp Billiton Ltd
BHP AU
5.34
Vale Sa
VALE3 BZ
4.92
Newmont Mining Corp
NEM US
4.72
Glencore Plc
GLEN LN
4.59
Anglo American Plc
AAL LN
4.42
Bhp Group Plc
BHP LN
3.74
Barrick Gold Corp
ABX CN
3.28
Franco-Nevada Corp
FNV CN
2.57
Top 10 Total (%) 45.50
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Dec 2021

  • Country

    Weightings (%)
  • ■

    Australia

    27.3
  • ■

    Canada

    18.4
  • ■

    United States

    14.5
  • ■

    South Africa

    9.8
  • ■

    United Kingdom

    6.5
  • ■

    Brazil

    4.9
  • ■

    Russia

    3.3
  • ■

    China

    2.9
  • ■

    Mexico

    1.7
  • ■

    India

    1.6
  • ■

    Zambia

    1.3
  • ■

    Chile

    1.1
  • ■

    Norway

    1.0
  • ■

    Sweden

    1.0
  • ■

    Japan

    1.0
  • ■

    Indonesia

    0.9
  • ■

    Peru

    0.8
  • ■

    Poland

    0.5
  • ■

    Burkina Faso

    0.4
  • ■

    Virgin Islands

    0.3
  • ■

    Kazakhstan

    0.2
  • ■

    Thailand

    0.2
  • ■

    Mongolia

    0.2
  • ■

    Egypt

    0.1
  • ■

    Philippines

    0.1
  • ■

    France

    0.1
  • ■

    Turkey

    0.1

Index Sector Weightings (%) as of 31 Dec 2021

  • Sector

    Weightings (%)
  • ■

    Diversified Metals & Mining

    39.7
  • ■

    Gold

    28.3
  • ■

    Copper

    10.1
  • ■

    Steel

    9.0
  • ■

    Coal & Consumable Fuels

    4.0
  • ■

    Aluminum

    3.9
  • ■

    Precious Metals & Minerals

    3.6
  • ■

    Silver

    1.3

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