This article contains information & details about Global X Pure Gold Miners ETF GGGG. We also cover review, analysis, opinion and investment advice on Global X Pure Gold Miners ETF
There are several companies and indices which claim to benefit purely from gold mining - companies which derive business, profits and revenues from gold mining and indices or indexes which constitute companies which are only in pure gold mining business. However, the reality is that although many such indices exists claiming to be "Gold Miners Index", the truth is that they may not be PURE gold miners index.
How? It can be in 2 ways - First, the index may include companies which are in the mining business of not just gold but an addition of other metal mining as well (like Silver, etc.). Second, the index may also include companies which are not pure mining companies, i.e. they may be genearting income from other gold processes as well, apart from mining.

Global X Pure Gold Miners ETF: Review, Analysis, Details & Opinion

So the investors who are looking for a PURE GOLD MINING company or PURE GOLD MINING Index may not find such companies and index suitable for investments. This is the void or gap that the newly lauched Global X Pure Gold Miners ETF (NYSEArca: GGGG) is trying to fill in.
What are the unique features of Global X Pure Gold Miners ETF?
As the name suggest, this Gold Mining ETF claims to be "Pure Gold Mining ETF" which will provide investors with an option to invest only in pure gold mining companies which generate their majority of revenues from gold mining only.
Secondly, this will not be a localized ETF, but a global one - i.e. it will include investments in gold mining companies on a global basis, so along with USA, it will have focus on gold mining companies in UK, Australia, Turkey, Canada, etc.

Which underlying index will be tracked by the Global X Pure Gold Miners ETF?
The unerlying index for Global X Pure Gold Miners ETF will be the Solactive Global Pure Gold Miners Index. Top three constituents of this index in the month of March 2011 are Gold Fields, Polyus Gold, and Kinross Gold Corporation.

What are the other index available similar to Global X Pure Gold Miners ETF?
As claimed by the company Global X, although there are many indices available in the name of Gold Miners Index, they are not pure Gold Miners index.
Take the example of NYSE Arca Gold Mining Index. This index, although named as a Gold mining index, actually also contains silver mining companies.
That's where the Global X Pure Gold Miners ETF claims to be unique - pure Gold Mining Fund.

Related: Silver ETF List: Trade Silver through these Silver ETF

More details about Global X Pure Gold Miners ETF?
More details above this fund can be obtained by calling the Global X no. 1-888-GX-FUND-1 (1.888.493.8631).

Final Thoughts about the Global X Pure Gold Miners ETF?
Being a pure gold mining ETF, this will be a good option for gold investors who are looking for a pure investment instrument focussed on gold mining. It's a niche area and so the investors who wish to trade on the performance of gold miners across the globe can give it a shot. being an ETF, it also provides real time trading opportunities to traders and investors and benefit from intra-day price movements for gold as a commodity.