REMX
VanEck Rare Earth/Strategic Metals ETF
REMX
VanEck Rare Earth/Strategic Metals ETF
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NAV$66.55
as of September 28, 2023 -
YTD RETURNS-12.76%
as of September 28, 2023 -
Total Net Assets$494.12M
as of September 28, 2023 -
Gross Expense Ratio0.54%
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Net Expense Ratio0.54%
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Inception Date10/27/2010
Fund Description
VanEck Rare Earth/Strategic Metals ETF (REMX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Global Rare Earth/Strategic Metals Index (MVREMXTR), which is intended to track the overall performance of companies involved in producing, refining, and recycling of rare earth and strategic metals and minerals.
Overview
Fund Highlights
- One-Trade Access to the Rare Earth/Strategic Metals Industry
Many of the world’s most advanced technologies rely on rare earth & strategic metals
- Pure Play, Comprehensive, Global Exposure
Companies must derive at least 50% of total revenues from the rare earth/strategic metals industry to be added to the Index and may include A-shares issued by Shanghai-listed companies trading via Shanghai-Hong Kong Stock Connect
- Industry Known for Volatility
Rapidly changing supply and demand dynamics, government defense implications, and heavy China involvement have driven significant volatility in the industry historically