BetaShares MNRS ETF (ASX:MNRS)
The BetaShares MNRS ETF provides investors with exposure to the performance of shares of the largest gold miners around the world, hedged into Australian dollars. This is a more indirect exposure to gold compared to physically-backed gold ETFs like GOLD and PMGOLD.
What does the MNRS invest in?
The BetaShares MNRS ETF invests in the largest global gold mining companies outside of Australia, where most of the world’s gold production takes place. MNRS holds shares in companies based around the world, but a large majority are in Canada, South Africa and the US.
What do investors use MNRS for?
MNRS could be used by investors looking for tactical exposure to the largest gold mining companies outside of Australia, while reducing currency risk through hedging strategies. The performance of MNRS will be affected by the price of gold, the share price performance of the companies within the ETF and investor sentiment towards those shares, amongst other factors.
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