Amundi NYSE Arca Gold Bugs UCITS ETF Dist (GLDU.AS)
Company overview
The Amundi NYSE Arca Gold BUGS UCITS Exchange Traded Fund (ETF) is a UCITS-compliant investment product designed to replicate the performance of its benchmark, the NYSE Arca Gold BUGS TR index. The underlying NYSE Arca Gold BUGS NTR Index, also known as 'HUINTR', comprises exclusively companies engaged in gold mining. A key feature of this index is its ability to provide direct exposure to the short-term price movements of gold, achieved by selecting mining firms that do not hedge their gold production for periods longer than 18 months. The HUI is a modified, equally-weighted index, denominated in US dollars. During each index rebalancing, the two largest constituent companies are each capped at 15% of the index's total weight, while the third largest is assigned a 10% allocation. The remaining 60% of the index's weight is then distributed proportionally among the other eligible components. Inclusion in the index is contingent upon meeting specific criteria, including market capitalization, trading volume, and other predetermined factors. This index was initially established on March 15, 1996, commencing with a base value of 200 points.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Amundi NYSE Arca Gold Bugs UCITS ETF Dist (GLDU.AS)
No price history available.
The Amundi NYSE Arca Gold BUGS UCITS Exchange Traded Fund (ETF) is a UCITS-compliant investment product designed to replicate the performance of its benchmark, the NYSE Arca Gold BUGS TR index. The underlying NYSE Arca Gold BUGS NTR Index, also known as 'HUINTR', comprises exclusively companies engaged in gold mining. A key feature of this index is its ability to provide direct exposure to the short-term price movements of gold, achieved by selecting mining firms that do not hedge their gold production for periods longer than 18 months. The HUI is a modified, equally-weighted index, denominated in US dollars. During each index rebalancing, the two largest constituent companies are each capped at 15% of the index's total weight, while the third largest is assigned a 10% allocation. The remaining 60% of the index's weight is then distributed proportionally among the other eligible components. Inclusion in the index is contingent upon meeting specific criteria, including market capitalization, trading volume, and other predetermined factors. This index was initially established on March 15, 1996, commencing with a base value of 200 points.
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