In April, AuAg decided to focus its investment in ‘gold mining companies’ on the successful AuAg Gold Rush fund and discontinue the HANetf AuAg ESG Gold Mining UCITS ETF.
The change is being made for two reasons:
AuAg, as an ETF pioneer, is confident about the ETF market, especially now that active ETFs can be offered. However, such a venture requires a lot of capital and is thus some years in the future.
AuAg has now sold all its shares in the company that marketed the fund, HANetf AuAg ESG Gold Mining UCITS ETF. It is now up to the fund company, HANetf, to either change the ETF’s name and index or decide to liquidate the ETF. If you wish to maintain your exposure to gold mining companies through AuAg, you can, of course, sell the ETF and purchase AuAg Gold Rush instead.