VanEck S&P Global Mining UCITS ETF
GIGB.L
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- VanEck S&P Global Mining UCITS ETF (GIGB.L) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the S&P Global Mining Reduced Coal index. The ETF provides exposure to global companies primarily involved in metal and mineral extraction industries, including diversified miners, gold producers, precious metal royalty companies, and base metal extractors; top holdings include BHP Group Ltd. (8.59%), Newmont Corp. (6.37%), Agnico Eagle Mines Ltd. (5.58%), Rio Tinto Plc (5.14%), and Freeport-McMoRan Inc. (4.91%). Launched on 18 April 2018 and domiciled in Ireland, the physically replicated, accumulating fund has approximately GBP 698 million in assets under management, a total expense ratio of 0.50% per annum, and listings on exchanges such as the London Stock Exchange, Euronext Paris, Borsa Italiana, and Xetra. The ETF targets investors seeking long-only equity exposure to the basic materials sector across developed and emerging markets, with geographic allocations led by Canada (27.29%), Australia (18.70%), and the United States (16.50%). It is managed by VanEck Asset Management B.V., headquartered in Amsterdam, Netherlands, as part of VanEck UCITS ETFs plc. In a major strategic update, shareholders approved a transition from the discontinued EMIX Global Mining Constrained Weights index to the S&P Global Mining Reduced Coal index following an extraordinary general meeting on 16 May, with the change implemented at the subsequent rebalance to exclude companies deriving more than 50% of revenues from thermal coal while maintaining broad market representation under Article 6 of the SFDR.