Most investors would be surprised to know that a short gold ETF is the best performing gold fund in 2012.
Chicago, IL (PRWEB) August 14, 2012
A short gold ETF is the best performing gold fund in 2012 writes gold ETF investment site, GoldETFs.biz. In a new article titled "Short Gold ETF Superstar," the Direxion Daily Gold Miners Bear 3x ETF is highlighted as the best performing gold fund this year. With more than a 6% gain year to date, the next closest gold product has delivered just over a 2% return. The Direxion fund seeks to deliver the daily 3x inverse return of the NYSE Arca Gold Miners Index. Thus negative daily performance of gold mining stocks actually benefits this fund.
"I think most investors would be surprised to learn that a short gold ETF leads all gold funds in performance this year" said Christian Magoon Publisher of GoldETFs.biz. "The poor performance of gold stocks versus physical gold has created opportunities for inverse ETFs. In fact Direxion's short gold ETF has significantly outperformed all other gold ETFs over the last 12 months."
According to the 12 month performance chart displayed in the article, the Direxion's fund has delivered gains of over 22%. In contrast the second best gold ETF during that same time period delivered returns of just over 2%. The complete list of the ten best performing gold ETF and ETN products over the last year is highlighted in the article.
There are several short gold ETF and ETN products listed in the U.S. that seek to gain when gold or gold stocks go negative. Each of these fund's fees, prices and performance can be compared via the complete gold ETF list on GoldETFs.biz.
GoldETFs.biz is a leading investor education site focused on gold funds and the markets they track. It is published by ETF insider Christian Magoon. The site provides a complete gold ETF list, comparison tools and real time insight on gold through Twitter feeds. Besides the site, users can access GoldETFs.biz content on Facebook, YouTube and Google+. Follow @GoldETFsBiz on Twitter or become a fan on Facebook at /GoldETFsBiz.
About Christian Magoon
Christian Magoon is CEO of ETF consulting firm Magoon Capital. PAIR Digital, a division of the firm, publishes ETF related content including GoldETFs.biz. Having launched over 40 ETFs to date, Magoon is an ETF insider and innovator. His vision for GoldETFs.biz was to create a convenient, social and educational source of ETF information on the gold exchange traded fund segment. India fund site, IndiaETFs.com, is a sister property. Christian has been named an "ETF Pioneer" and was recently featured as "One of Five ETF Experts To Follow on Twitter." Follow @ChristianMagoon for regular investment and ETF insight.