US listed, 0.56% management fee https://www.vaneck.com/etf/equity/gdxj/overview/ Fact sheet PDF https://www.vaneck.com/library/vaneck-vectors-etfs/gdxj-fact-sheet-pdf/ ASX stocks in holding at the time of this post Ticker % of net assets in holding Independence Group Nl IGO 3.29% Regis Resources Ltd RRL 3.18% St Barbara Ltd SBM 2.55% Resolute Mining Ltd RSG 1.56% Saracen Mineral Holdings Ltd SAR 1.38% Beadell Resources Ltd BDR 0.84%
My view, GDXJ and/or GDX means you get professional selection, wide diversity, and would probably cost less in transaction fees compared to building a portfolio of gold stocks. Also, lets say you only want to invest $10k, you cant diversify with that amount. Less administration hassle than buying a bunch of stocks yourself too. But I notice one of the world's best gold stocks is not present in GDXJ - that, need I say, is NST. Northern Star was deleted due to getting too big in market cap size. I believe EVN (Evolution) was deleted around same time. Both those are in GDX however. While you diversify using the etfs, you also dilute the quality with some duds, which was a point made by Adam Hamilton in a recent essay. You might though, similarly make some poor picks yourself. If you favour Australian miners, due to costs in $A, or regulatory environment, you only get a portion of the etfs made up of the Oz miners. An etf is too 'abstract' for me.
