In today’s briefing:
- MVIS Global Junior Gold Miners Index Rebalance: Big Flows & Impact
MVIS Global Junior Gold Miners Index Rebalance: Big Flows & Impact
- Kinross Gold Corp (KGC US), Fresnillo PLC (FRES LN), Kingsgate Consolidated (KCN AU), Dakota Gold are adds; Merdeka Copper Gold Tbk PT (MDKA IJ) and PGM Gold Mining are deletes.
- One way turnover is US$390m and there is a big impact on a lot of stocks due to addition, deletion and float changes. Implementation at the close on 17 June.
- Bumi Resources Minerals Tbk (BRMS IJ) was added to the GDXJ in March and rallied over 30% in 4 days since announcement. Buying this time will be even larger.
Before it’s here, it’s on Smartkarma
