For traders looking for momentum, Themes Gold Miners ETF AUMI might be on the radar. The fund simply hit a 52-week excessive and has moved up 82% from its 52-week low of $23.50 per share.
Are extra beneficial properties in retailer for this ETF? Let’s take a fast take a look at the fund and the near-term outlook on it to get a greater thought of the place it may be headed:
AUMI in Focus
Themes Gold Miners ETF gives publicity to the biggest firms by market capitalization that derive their revenues from gold mining. Canadian companies account for half of the portfolio, adopted by Australian companies with a 32.2% share. AUMI costs 35 bps in charges per yr (see: all the Materials ETFs here).
Why the Transfer
Gold has been an space to observe currently, given the surge within the metallic value. The bullion rallied to new all-time highs towards $2,850 per ounce, amid the push to safe-haven demand triggered by fears of a commerce battle. Trump tariffs will drive U.S. inflation quicker than anticipated and harm customers, driving up the costs of products and curbing spending. It would additionally have an effect on the worldwide financial system and company earnings, significantly that of massive U.S. exporters. All these will proceed to weigh on the inventory market and will disrupt international provide chains.
Extra Positive factors Forward?
AUMI has a weighted alpha of 71.03 and a 20-day volatility of 28.45%, which present that there’s nonetheless some promise for risk-aggressive traders who need to trip on this surging ETF.
Need key ETF information delivered straight to your inbox?
Zacks’ free Fund Publication will temporary you on prime information and evaluation, in addition to top-performing ETFs, every week.
Themes Gold Miners ETF (AUMI): ETF Research Reports
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
