Sprott Launches Active Gold & Silver Miners ETF
Sprott Inc. (NYSE/TSX: SII) has launched the Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG), the only active ETF focused on gold and silver miners. The fund aims for long-term capital appreciation by investing in gold- and silver-focused companies involved in exploration, development, mining, and royalty/streaming operations.
The ETF employs a value-oriented and contrarian investment strategy. According to John Hathaway, Managing Partner at Sprott, gold and silver mining stocks have historically correlated with bullion but have recently underperformed, suggesting potential for catch-up growth.
GBUG's investment team brings over 100 years of collective experience in metals and mining, conducting more than 200 management meetings annually and site visits globally. The ETF offers daily transparency, liquidity, and potential tax efficiency benefits.
Sprott Inc. (NYSE/TSX: SII) ha lanciato il Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG), l'unico ETF attivo focalizzato su miniere d'oro e d'argento. Il fondo mira a un apprezzamento del capitale a lungo termine investendo in aziende focalizzate su oro e argento coinvolte in esplorazione, sviluppo, estrazione e operazioni di royalty/streaming.
L'ETF adotta una strategia di investimento orientata al valore e contrarian. Secondo John Hathaway, Managing Partner di Sprott, le azioni delle miniere d'oro e d'argento hanno storicamente mostrato una correlazione con il metallo prezioso, ma recentemente hanno sottoperformato, suggerendo un potenziale per una crescita di recupero.
Il team di investimento di GBUG porta oltre 100 anni di esperienza collettiva nei metalli e nell'estrazione, conducendo oltre 200 incontri di gestione all'anno e visite ai siti a livello globale. L'ETF offre trasparenza quotidiana, liquidità e potenziali vantaggi fiscali.
Sprott Inc. (NYSE/TSX: SII) ha lanzado el Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG), el único ETF activo enfocado en mineros de oro y plata. El fondo tiene como objetivo la apreciación del capital a largo plazo invirtiendo en empresas centradas en oro y plata involucradas en exploración, desarrollo, minería y operaciones de regalías/streaming.
El ETF emplea una estrategia de inversión orientada al valor y contraria. Según John Hathaway, Socio Gerente en Sprott, las acciones de minería de oro y plata han estado históricamente correlacionadas con el metal precioso, pero recientemente han tenido un rendimiento inferior, lo que sugiere un potencial para un crecimiento de recuperación.
El equipo de inversión de GBUG aporta más de 100 años de experiencia colectiva en metales y minería, llevando a cabo más de 200 reuniones de gestión anualmente y visitas a sitios a nivel global. El ETF ofrece transparencia diaria, liquidez y posibles beneficios fiscales.
Sprott Inc. (NYSE/TSX: SII)는 Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG)를 출시했습니다. 이는 금과 은 광산에 집중한 유일한 능동형 ETF입니다. 이 펀드는 탐사, 개발, 채굴 및 로열티/스트리밍 운영에 참여하는 금 및 은 관련 기업에 투자하여 장기적인 자본 증식을 목표로 합니다.
이 ETF는 가치 지향적이며 반대 투자 전략을 채택하고 있습니다. Sprott의 매니징 파트너인 John Hathaway에 따르면, 금과 은 광산 주식은 역사적으로 금속과 상관관계를 보였지만 최근에는 저조한 성과를 보였으며, 이는 회복 성장의 잠재성을 시사합니다.
GBUG의 투자 팀은 금속 및 광업 분야에서 100년 이상의 집합적인 경험을 가지고 있으며, 매년 200회 이상의 관리 회의와 전 세계적으로 현장 방문을 실시합니다. 이 ETF는 일일 투명성, 유동성 및 잠재적인 세금 효율성 혜택을 제공합니다.
Sprott Inc. (NYSE/TSX: SII) a lancé le Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG), le seul ETF actif axé sur les mineurs d'or et d'argent. Le fonds vise une appréciation du capital à long terme en investissant dans des entreprises concentrées sur l'or et l'argent impliquées dans l'exploration, le développement, l'exploitation minière et les opérations de redevance/streaming.
L'ETF adopte une stratégie d'investissement axée sur la valeur et contrariante. Selon John Hathaway, associé directeur chez Sprott, les actions des mines d'or et d'argent ont historiquement été corrélées avec le métal précieux, mais ont récemment sous-performé, suggérant un potentiel de croissance de rattrapage.
L'équipe d'investissement de GBUG apporte plus de 100 ans d'expérience collective dans les métaux et l'exploitation minière, réalisant plus de 200 réunions de gestion par an et des visites de sites à l'échelle mondiale. L'ETF offre une transparence quotidienne, une liquidité et des avantages fiscaux potentiels.
Sprott Inc. (NYSE/TSX: SII) hat den Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG) gestartet, den einzigen aktiven ETF, der sich auf Gold- und Silberminen konzentriert. Der Fonds zielt auf eine langfristige Kapitalsteigerung ab, indem er in Unternehmen investiert, die sich auf Gold und Silber konzentrieren und in Erkundung, Entwicklung, Bergbau sowie in Lizenz- und Streaming-Operationen tätig sind.
Der ETF verfolgt eine wertorientierte und konträre Anlagestrategie. Laut John Hathaway, Managing Partner bei Sprott, haben Gold- und Silberminenaktien historisch mit dem Edelmetall korreliert, jedoch kürzlich unterdurchschnittliche Leistungen erbracht, was auf ein Potenzial für eine Aufholjagd hindeutet.
Das Investmentteam von GBUG bringt über 100 Jahre kollektive Erfahrung im Bereich Metalle und Bergbau mit, führt jährlich mehr als 200 Managementbesprechungen durch und besucht weltweit Standorte. Der ETF bietet tägliche Transparenz, Liquidität und potenzielle Steuervorteile.
- Launch of new active ETF product expanding company's market presence
- First-mover advantage as the only active ETF in gold and silver miners sector
- Leverages company's established expertise in precious metals investing
- Investment team conducts over 200 management meetings annually
- None.
Insights
The launch of GBUG marks a strategic evolution in Sprott's business model, representing their first venture into actively managed ETFs. This move is particularly significant as it combines two powerful market trends: the growing preference for ETF investment vehicles and the increasing demand for specialized sector expertise in complex industries like mining.
The timing of this launch is strategically calculated. With gold and silver mining stocks currently lagging behind bullion prices, Sprott is positioning itself to capitalize on potential market inefficiencies. The active management approach is especially valuable in the mining sector, where company-specific factors like operational efficiency, resource quality, and management execution can significantly impact performance - aspects that passive index-following strategies might overlook.
The fund's value proposition is strengthened by Sprott's established infrastructure, including their team's 100+ years of collective experience and their practice of conducting over 200 management meetings annually. This hands-on approach to due diligence is important in the mining sector, where on-site operational assessment can reveal opportunities and risks that might not be apparent from financial statements alone.
From a business perspective, this launch represents a significant revenue diversification opportunity for Sprott. Active ETFs typically command higher management fees than passive products, while still offering the operational efficiencies and scalability of the ETF structure. The daily transparency requirement of ETFs also aligns well with Sprott's expertise, as it allows them to demonstrate their active management capabilities in real-time.
The product's unique positioning as the only active ETF in its category (according to Morningstar) provides Sprott with a first-mover advantage in this specialized niche. This exclusivity, combined with their established reputation in precious metals, creates a compelling competitive moat that could be difficult for competitors to replicate without similar depth of expertise and industry relationships.
The Only* Active ETF Focused on Gold and Silver Miners, the ETF Leverages Sprott‘s Specialized Leadership in Precious Metals and Mining Investments
TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott”) (NYSE/TSX: SII) today announced the launch of the Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG) (the “Fund” or “GBUG”), an actively managed ETF that aims to provide long-term capital appreciation by investing in shares of gold- and silver-focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. GBUG’s investment strategy is value-oriented and contrarian.
“Gold and silver mining stocks have historically been correlated to bullion, but in recent years, they’ve lagged the price of the physical metals,” said John Hathaway, CFA, Managing Partner, Sprott and Senior Portfolio Manager, Sprott Asset Management USA, Inc. “Gold and silver mining stocks could offer significant catch-up potential.”
GBUG is Sprott’s first active ETF, which offers the opportunity to invest in miners with the potential advantage of active stock picking from a global leader with over four decades of specialized expertise in precious metals and mining investments. “Given the operational complexities of mining, investors may benefit from an active ETF strategy focused on long-term business fundamentals and growth potential,” said Whitney George, Chief Executive Officer of Sprott. “The Fund’s investment team is experienced. The team has more than 100 years of collective experience in metals and mining, and it conducts more than 200 management meetings annually, along with periodic site visits to mining operations around the globe.”
GBUG combines the expertise of active management with the flexibility of an ETF, which includes daily transparency, liquidity and potential tax efficiency. GBUG is one of four Sprott Precious Metals ETFs:
| Sprott Active Gold & Silver Miners ETF | Nasdaq: GBUG | An actively managed ETF that aims to provide long-term capital appreciation by investing in shares of gold- and silver-focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. The investment strategy of the Fund is value-oriented and contrarian. |
| Sprott Gold Miners ETF | NYSE Arca: SGDM | Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges. |
| Sprott Junior Gold Miners ETF | NYSE Arca: SGDJ | Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index (Ticker: SOLJGMFT). The Index aims to track the performance of small-capitalization gold companies whose stocks are listed on regulated exchanges. |
| Sprott Silver Miners & Physical Silver ETF | Nasdaq: SLVR | Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, Nasdaq Sprott Silver Miners™ Index (NSLVR™), by investing at least |
* Based on Morningstar’s universe of Precious Metals Sector Equity ETFs as of 2/19/2025.
About Sprott Inc.
Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California, and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.
Contact:
Glen Williams
Managing Partner
Investor and Institutional Client Relations
Direct: (416) 943-43945
gwilliams@sprott.com
Dan Gagnier
Gagnier Communications
Direct: (646) 569-5897
sprott@gagnierfc.com
Important Disclosures
An investor should consider the investment objectives, risks, charges, and expenses of each fund carefully before investing. To obtain a fund’s Prospectus, which contains this and other information, contact your financial professional, call 1.888.622.1813 or visit SprottETFs.com. Read the Prospectus carefully before investing.
Exchange Traded Funds (ETFs) are considered to have continuous liquidity because they allow for an individual to trade throughout the day, which may indicate higher transaction costs and result in higher taxes when fund shares are held in a taxable account.
The funds are non-diversified and can invest a greater portion of assets in securities of individual issuers, particularly those in the natural resources and/or precious metals industry, which may experience greater price volatility. Relative to other sectors, natural resources and precious metals investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.
Shares are not individually redeemable. Investors buy and sell shares of the funds on a secondary market. Only market makers or “authorized participants” may trade directly with the fund, typically in blocks of 10,000 shares.
The Sprott Active Gold & Silver Miners and Sprott Silver Miners & Physical Silver ETFs are new and have limited operating history.
Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott Active Gold & Silver Miners ETF. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member.
ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.
© 2025 Sprott Inc. All rights reserved.
FAQ
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