REX Shares, begun trading 2 new ETFs, the REX Gold Hedged S&P 500 (NYSE Arca: GHS) and the REX Gold Hedged FTSE Emerging Markets ETF (NYSE Arca: GHE) on Tuesday, April 5, 2016. Here is a synopsis of the new ETFs:
1.
FUND INFORMATION:
| Symbol: GHS | Exchange: NYSE ARCA |
| Name: REX Gold Hedged S&P 500 | Net Expense Ratio: 0.48% |
FUND OBJECTIVE:
The REX Gold Hedged S&P 500 seeks to outperform the total return performance of the S&P 500 Dynamic Gold Hedged Index by actively hedging the returns of the S&P 500 Index using gold futures. The Fund will invest primarily in:
(i) large-cap U.S. stocks;
(ii) gold futures,
(iii) ETFs and exchange-traded closed-end funds that provide exposure to large-cap U.S. stocks,
(iv) ETFs or exchange-traded notes (ETNs) that provide exposure to gold, and
(v) futures that provide exposure to the S&P 500 Index.
The Fund will also invest in fixed income instruments such as Treasury securities and other high-quality, short duration fixed income instruments, money market instruments, cash and cash equivalents to provide liquidity and collateralize its futures contracts. Under normal circumstances, the Fund seeks to achieve a similar level of volatility as that of the Benchmark, although there is no assurance it will do so.
REFERENCE INDEX:
The S&P 500 Dynamic Gold Hedged Index measures the total return performance of a hypothetical portfolio consisting of securities that compose the S&P 500 Index, which measures the performance of the large-capitalization sector of the U.S. equity market, and a long position in gold futures contracts, the notional value of which is comparable to the value of the Benchmark’s equity component.
Fund Holdings (04/04/16):
| VANGUARD SP 500 ETF (VOO) | |
| SP500 EMINI FUT JUN16 | |
| GOLD 100 OZ FUT JUN16 | |
| CASH |
Useful Links:
GHS Home Page
2.
FUND INFORMATION:
GHE CLOSED 06/01/2017
| Symbol: GHE | Exchange: NYSE Arca |
| Name: REX Gold Hedged FTSE Emerging Markets ETF | Net Expense Ratio: 0.65% |
FUND OBJECTIVE:
The REX Gold Hedged FTSE Emerging Markets ETF seeks to outperform the total return performance of the FTSE Emerging Gold Overlay Index by actively hedging a portfolio of emerging markets securities using gold futures. The Fund will invest primarily in:
(i) equity securities of emerging markets companies of any market capitalization;
(ii) gold futures,
(iii) ETFs and exchange-traded closed-end funds, American Depository Receipts (ADRs), and Global Depository Receipts (GDRs) that provide exposure to Emerging Markets Securities,
(iv) ETFs or exchange-traded notes (ETNs) that provide exposure to gold, and
(v) futures that provide exposure to Emerging Markets Securities.
The Fund will also invest in fixed income instruments such as Treasury securities and other high-quality, short duration fixed income instruments, money market instruments, cash and cash equivalents to provide liquidity and collateralize its futures contracts. Under normal circumstances, the Fund seeks to achieve a similar level of volatility as that of the Benchmark, although there is no assurance it will do so.
REFERENCE INDEX:
The FTSE Emerging Gold Overlay Index measures the total return performance of a hypothetical portfolio consisting of Emerging Markets Securities and a long position in gold futures contracts, the notional value of which is comparable to the value of the Benchmark’s equity component.
Fund Holdings (04/04/16):
| VANGUARD EMERGING MKT ETF (VWO) | |
| MINI MSCI EMERG MRK FUT JUN16 | |
| GOLD 100 OZ FUT JUN16 | |
| CASH |
Useful Links:
GHE Home Page
Category: Equities> Emerging Equity Markets> Emerging Markets Equity Strategy
ETFtrack comment:
GHS and GHE are the First Ever Gold Hedged Equity ETFs.
REX Shares, LLC (REX) is a new privately held investment firm, focused on exchange-traded funds (ETFs). REX Founder and Chief Executive Officer Greg King is a pioneer in the ETF industry, with over ten years’ experience building exchange-traded product solutions. Global X Management Company, LLC is a minority stakeholder in the company.