Prenumeration
AuAg ends collaboration regarding HANetf AuAg ESG Gold Mining UCITS ETF and fully commits to AuAg Gold Rush.
In April, AuAg decided to concentrate its efforts in the “gold mining companies” segment on the successful fund AuAg Gold Rush, while discontinuing its collaboration on the HANetf AuAg ESG Gold Mining UCITS ETF.
The change is being made for two reasons:
- Firstly, the active management of gold mining companies has produced better results than the passive ETF structure.
- Secondly, because HANetf AuAg ESG Gold Mining UCITS ETF only has an AUM of just over SEK 200 million, it has not reached the break-even level of SEK 750 million needed to run an ETF commercially.
AuAg, as an ETF pioneer, is confident about the ETF market, especially now that active ETFs can be offered. However, such a venture requires a lot of capital and is thus some years in the future.
As ETF pioneers, AuAg remains confident in the ETF market, especially now that actively managed ETFs can be offered. However, such a venture requires substantial capital and is therefore expected to be a few years away.
AuAg has now sold all its shares in the company that marketed the fund, HANetf AuAg ESG Gold Mining UCITS ETF. The fund company HANetf can now change the ETF's name and index or decide to liquidate it.
If you wish to maintain your exposure to gold mining companies with AuAg, you can, of course, sell the ETF and purchase AuAg Gold Rush instead.