The exchange-traded fund (ETF) aims to provide access to a global basket of silver miners which stand to benefit from rising silver prices, while tracking the Solactive Global Silver Miners Index.
Global X Management (AUS) Ltd (Global X), the Australian arm of Seoul-based Mirae Asset Global Investments, has launched the Global X Silver Miners ETF (SLVM). The fund will track the Solactive Global Silver Miners Index SLVM will provide access to a global basket of silver miners which stand to benefit from rising silver prices and being a key part of the value chain facilitating growth in photovoltaics and advanced electronics, among others. The fund will track the Solactive Global