What is the Amex Gold Miners Index?
The Amex Gold Miners Index comprises the companies quoted on the NYSE Amex market - formerly the American Stock Exchange - that are primarily involved in the mining of gold or silver. It was launched at the close of trading on 20 December 2002.
Where have you heard about the Amex Gold Miners Index?
As an investor, you may well have been made aware of the index, either by your financial adviser or through the business and investment media. The index lists some of the best-known names in the bullion-mining business.
What you need to know about the Amex Gold Miners Index.
The Amex Gold Miners Index comprises about 40 stocks. At its launch, it was given a value of 500, this representing the level of the index at that time. Listed on the index are both common stocks, also known as ordinary shares, and American depositary receipts (ADRs).
Every quarter, the constituents are reviewed with potentially some being removed and others added. Some renowned names in the bullion business are featured, including Barrick Gold, Newmont Mining, Placer Dome and Randgold Resources, alongside newer firms. Investing in mining companies can be a good way to share in rising bullion prices - but can be risky when prices are falling.
Find out more about the Amex Gold Miners Index.
Movements in the shares listed on the Amex Gold Miners Index frequently mirror trends in the gold price. Learn more about gold here.