- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Adisyn
Mawson Finland Limited
Purpose Bitcoin ETF
Pinnacle Silver and Gold
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
PureFunds to Abandon Diamond/Gemstone and Mining Service ETFs
Zacks.com reported that the PureFunds ISE Diamond/Gemstone ETF (ARCA:GEMS) and the PureFunds ISE Mining Service ETF (ARCA:MSXX) will trade for the last time on January 23, 2014. Both came onto the market in November 2012.
Zacks.com reported that the PureFunds ISE Diamond/Gemstone ETF (ARCA:GEMS) and the PureFunds ISE Mining Service ETF (ARCA:MSXX) will trade for the last time on January 23, 2014. Both came onto the market in November 2012.
As quoted in the market news:
Notably, GEMS and MSXX had the smallest share of assets of the commodity producers’ equities ETFs space. While the space bellwether Market Vectors Gold Miners ETF (GDX) boasts $4.3 billion in assets, GEMS and MSXX accumulated only $1.1 million and $0.8 million of assets, respectively. Such poor asset bases even after a year of launch suggests that the funds never took off in that sense.
This clearly explains why PureFunds chose to abandon these funds. With these closures, PureFunds will have only one ETF – PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF ( SILJ ) – trading in the mining space, that too with low assets under management.
Click here to read the full Zacks.com article.
Click here to read Diamond Investing News’ April 2013 interview with PureFunds’ Paul Zimnisky.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.