WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN)
- Previous Close
29.79 - Open
27.92 - Bid 24.86 x 1400
- Ask --
- Day's Range
27.06 - 27.80 - 52 Week Range
19.55 - 31.55 - Volume
11,778 - Avg. Volume
4,676 - Net Assets 8.65M
- NAV 27.57
- PE Ratio (TTM) 28.73
- Yield 6.39%
- YTD Daily Total Return 13.20%
- Beta (5Y Monthly) 0.00
- Expense Ratio (net) 0.45%
The fund invests, either directly or through a wholly-owned subsidiary, in a portfolio comprised of (i) U.S.-listed gold futures contracts and (ii) global equity securities issued by companies that derive at least 50% of their revenue from the gold mining business. The fund will invest in a representative basket of global equity securities issued by Gold Miners generally weighted by market capitalization. The fund may invest in U.S. Treasury securities and other liquid short-term investments as collateral for its U.S.-listed gold futures contracts. The fund is non-diversified.
WisdomTree
Fund Family
Commodities Focused
Fund Category
8.65M
Net Assets
2021-12-14
Inception Date
Performance Overview: GDMN
Trailing returns as of 6/7/2024. Category is Commodities Focused.
People Also Watch
Holdings: GDMN
Top 9 Holdings (52.84% of Total Assets)
Sector Weightings
Related ETF News
Research Reports: GDMN
Argus Quick Note: Weekly Stock List for 06/03/2024: Financial Sector Stocks
Our rating on the Financial sector is Over-Weight. The Fed's rate-hike campaign is expanding net interest margins for banks. We also look for recovery in fee-based businesses, bond issuance, and M&A as the rate cycle winds down. Still, with inflation running hot, companies may cut back on hiring and investments, and thus on business loans. As of the end of April, the sector accounted for 13% of the S&P 500. The sector was outperforming the market with a gain of 12.0%. It underperformed the market in 2023, with a gain of 7% compared to a gain of 24% for the S&P 500. The sector includes money center banks, regional banks, investment banks and brokerages, exchanges, insurers, and financial data companies. Here are the Financial companies that either are on our Focus List or are used in our model portfolios.
The Argus ESG Model Portfolio
Sustainable Impact Investing, or ESG investing, is gaining traction not only with Argus Research clients but also with the global investment community. BlackRock CEO Lawrence Fink, who oversees approximately $9 trillion in assets, announced in January 2020 that his firm would be investing in companies that are making progress on sustainability. He doubled down in his January 2021 letter, calling on company managements to disclose their plans for making their businesses "compatible with a net-zero economy" by 2050. As assets have flowed in over the past 40 years, Sustainable Impact Investing has evolved. The discipline, originally known as Socially Responsible Investing, focused at first on excluding companies that conducted business in South Africa, or participated in industries such as tobacco, alcohol, and firearms. Performance of these initial strategies lagged, and the approach has been modified. Now, instead of merely identifying industries to avoid, the discipline promotes "sustainable" business practices across all industries that can have an "impact" on global issues such as climate, hunger, poverty, disease, shelter, and workers' rights.
Raising target price to $52.00
AGNICO EAGLE MINES LTD has an Investment Rating of SELL; a target price of $52.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Low.
RatingPrice TargetRaising target price to $50.00
AGNICO EAGLE MINES LTD has an Investment Rating of SELL; a target price of $50.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Medium.
RatingPrice Target