BetaShares adds to Global Sector Series with Gold Miners and Banks ETFs
We are pleased to announce the launch of two new funds in our Global Sector series – BetaShares Global Gold Miners ETF – Currency Hedged (MNRS) and BetaShares Global Banks ETF – Currency Hedged (BNKS)
MNRS aims to track an index comprising of 40 of the largest global (ex Australia) gold miners. At end-June 2016, this index had a combined market capitalisation of $A308 billion – significantly more than the combined value of the gold miners available on the Australian stock exchange, which had a value of $A25 billion.
BNKS aims to track an index comprising the largest global (ex Australia) banks by market capitalisation, offering exposure to 60 of the world’s most important banking powerhouses including JP Morgan Chase, Wells Fargo and HSBC.