As passive investing pulls in ever more money from active funds, we’re seeing plenty of scaremongering about the “dangers” of trackers and exchange-traded funds (ETFs). Much of this reflects the active fund industry’s straw-clutching efforts to discredit low-cost rivals. But there are some things to be aware of, as problems with one popular ETF earlier this month revealed.
The VanEck Junior Gold Miners ETF (listed in both the US and the UK under the ticker GDXJ) tracks the MVIS Global Junior Gold Miners index (VanEck also owns the index provider, MVIS). As MoneyWeek readers probably [...]