Commodities
HANARO Global Gold Mining ETF Surpasses One-Month Returns Among Gold-Linked Funds
NH-Amundi's HANARO Global Gold Mining ETF has outperformed all other gold-linked funds on the domestic market, recording a one-month return of 18.59% as of Tuesday.
This figure surpasses the 10.73% rise in international gold prices over the same period and makes it the highest among domestically listed gold-related ETFs.
The HANARO Global Gold Mining ETF invests in shares of global gold mining companies, including Newmont, Agnico Eagle Mines, and Barrick Mining.
Because the fund invests in mining company shares rather than gold futures or spot gold, its returns are amplified during periods of rising gold prices.