In April, AuAg decided to focus its investment in ‘gold mining companies’ on the successful AuAg Gold Rush fund and discontinue 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.

AuAg has now sold all its shares in the company that marketed the fund, HANetf AuAg ESG Gold Mining UCITS ETF. It is now up to the fund company, HANetf, to either change the ETF’s name and index or decide to liquidate the ETF. If you wish to maintain your exposure to gold mining companies through AuAg, you can, of course, sell the ETF and purchase AuAg Gold Rush instead.

More information on AuAg Gold Rush is available here.