VanEck Vectors‘ recently launched global mining ETF has been cross-listed onto Deutsche Börse’s Xetra and Börse Frankfurt.

New VanEck Vectors ETF cross-lists onto the Xetra and Börse Frankfurt

The VanEck Vectors Global Mining UCITS ETF (WMIN GY) provides investors with access to equities, American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) of metal and mining companies worldwide.

The fund was launched on 18 April 2018 on the London Stock Exchange with US dollar-denominated and sterling-denominated share classes, under the ticker codes GDIG LN and GIGB LN respectively.

The new listings in Germany trade in euros.

The underlying reference index, the EMIX Global Mining Constrained Weights Index, comprises equities from companies in both developed and emerging markets.

The index is market cap-weighted, rebalanced quarterly, and constrained such that no single constituent has a weight greater than 9%, and the sum of constituent weights greater than 4.5% does not exceed 36%.

It currently comprises 160 equities from 24 markets. Its highest country exposure is Canada (18.9%), followed by Australia (17.7%) and the UK (16.4%). The fund itself holds no physical gold or metal.

WMIN has a total expense ratio of 50bps.