GMET
VanEck Green Metals ETF
GMET
VanEck Green Metals ETF
-
NAV
$27.51
as of June 08, 2023 -
YTD RETURNS
-2.58%
as of June 08, 2023 -
Total Net Assets
$24.76M
as of June 08, 2023 -
Total Expense Ratio
0.63% -
Inception Date
11/09/2021
Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least May 1, 2024. “Other Expenses” have been restated to reflect current fees.
Fund Description
VanEck Green Metals ETF (GMET) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Clean-Tech Metals Index (MVGMETTR), which is intended to track the performance of companies involved in the production, refining, processing and recycling of green metals. Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.
Overview
Fund Highlights
- Metals Critical to Energy Transition
A transition to a low carbon economy cannot happen without green metals such as cobalt, copper, lithium, rare earths and zinc
- Comprehensive Global Exposure
Portfolio captures companies involved in the production of green metals globally, including China A-shares
- Demand Outstripping Supply
The demand for green metals is expected to continue increasing and future production of key minerals may not be sufficient
Get to Know Green Metals: Lithium