Global X Debuts Exploration/Junior Miners ETF (TSXV)

Global X announced on Thursday the launch of the S&P/TSX Venture 30 Canada (TSXV), the first ETF to target companies on Canada’s junior exchange. The TSX Venture Exchange was created in 1999 after major Canadian stock exchanges agreed to restructure the country’s financial markets by market capitalization. The Venture Exchange includes companies too small in terms of assets and market capitalization to be listed on the Toronto Stock Exchange, and as a result has historically been dominated by resource exploration and junior mining companies. TSXV will seek to replicate the S&P/TSX Venture 30 Index, a benchmark that includes the 30 most liquid securities of the S&P/TSX Venture Composite Index. The index is split between materials and energy companies, making TSXV an option for gaining exposure to the small cap segment of Canada’s natural resources industry. The largest components of the index include gold discovery firms Atac Resources and Rainy River [...] Click here to read the original article on ETFdb.com. Related Posts: Inflation-Fighting ETFs Back In Focus Global X Launches Uranium ETF (URA) IndexIQ Files For International Small Cap, Asian Tiger ETFs Mining ETFs: Eight Ways To Play Next Generation Of Gold ETFs