GMET
VanEck Green Metals ETF
GMET
VanEck Green Metals ETF
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NAV$22.17
as of December 05, 2023 -
YTD RETURNS-21.49%
as of December 05, 2023 -
Total Net Assets$24.39M
as of December 05, 2023 -
Total Expense Ratio0.63%
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Inception Date11/09/2021
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
Recommended Insights
No Energy Transition without Green Metals
No Energy Transition without Green Metals