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June 2013
In line with its continued strategy of securing key operational joint venture relationships that enhance both revenues and profitability of its gold mining and processing business lines, Gold Horizons Mining is pleased to announce its senior joint venture operating partner has reached an agreement with the well respected Nazca based “Lab Peru”. The two companies will partner together to set up a mineral analytical laboratory, which will be based at Gold Horizon's Yuromayo processing plant facility. ticker GHMG on GXG markets
Top News
By MATTHEW ROSENBERG and ALISSA J. RUBINThe Taliban announced the opening of a political office in Doha, Qatar, on Tuesday and said they were prepared to talk, raising hopes for a break in long-stalled peace efforts. | |
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By CHARLIE SAVAGE and MICHAEL S. SCHMIDT
Critics say the fact that no agent in the past two decades has been disciplined for any instance of deliberately shooting someone raises questions about the bureau's internal investigations.
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(EMAILWIRE.COM, June 10, 2013 ) Madison, NJ – PureFunds,
a New Jersey based innovator of Exchange Traded Fund (ETF) concepts,
announced today that it will visit the New York Stock Exchange (NYSE) on
June 11 to ring the Opening Bell. The ceremony commemorates the listing
of PureFunds first 3 ETFs listed on the NYSE.
PureFunds co-founders Paul Zimnisky and Andrew Chanin joined by partners
in the funds, including the International Securities Exchange (ISE) and
Factor Advisors, will ring the opening bell to celebrate the occasion.
The new PureFunds ETFs invest in the natural resource space; specifically, the global diamond/gemstone industry (NYSE Arca: GEMS), the global mining service and equipment industry (NYSE Arca: MSXX), and the global silver exploration and junior production industry (NYSE Arca: SILJ).
PureFunds CEO Paul Zimnisky, said “PureFunds is pleased to debut these
unique funds which aim to provide investors with easier access to these
global industries. We believe there is a very exciting investment case
for these industries, however given the international distribution of
the companies, it has traditionally been difficult for U.S. investors to
buy pure-play exposure. We see our funds enabling investors to include
these opportunistic industries in their well diversified portfolios.”
The Opening Bell will ring at 9:30 a.m. Eastern time on June 11 and can be viewed live on the NYSE’s website at https://nyse.nyx.com/the-bell/todays-bells-live.
Photos and video of the NYSE Bell Ringing Ceremony will be available,
courtesy of the NYSE, on Facebook--NYSEEuronext, Twitter at http://twitter.com/NYSEEuronext and on the NYSE YouTube Channel -- nysetv1.
About PureFunds ®
Founded in 2010, PureFunds is an innovator of ETF concepts striving to
provide the market with easy access to in-demand niche sectors through
Pure-Play ETFs. PureFunds is a New Jersey based research and business
management firm, serving as the Business Manager to the PureFunds ISE
Diamond/Gemstone ETF (NYSE Arca: GEMS), PureFunds ISE Mining Service ETF
(NYSE Arca: MSXX), and PureFunds ISE Junior Silver (Small Cap
Miners/Explorers) ETF (NYSE Arca: SILJ). PureFunds aims to provide
investors with tactical ETFs that may offer attractive investment
opportunities in sectors that traditionally have been difficult to
invest in. For more information please visit www.PureETFs.com, call 1-877-756-PURE (1-877-756-7873) or email info@PureETFs.com.
About Factor Advisors
Factor Advisors, LLC is a wholly owned subsidiary of GENCAP Ventures,
LLC (GENCAP), a leading Exchange Traded Funds products and services
company. GENCAP offers a full range of ETF services to the investment
management community through it’s subsidiaries: Factor Advisors, LLC,
Factor Capital Management, LLC, ETF Service Providers, LLC and GENCAP
Strategies, LLC. The services provided include product management, ETF
wholesaling and marketing. GENCAP is leading the industry with the
broadest range of services for ’33 Act commodity products as well as
both active and passive ’40 Act ETF funds.
Carefully consider the Fund’s investment objectives, risk factors,
charges and expenses before investing. This and additional information
can be found in the Fund's prospectus, which may be obtained at www.PureETFs.com.
The statutory prospectus can be obtained by calling 877-756-PURE
(877-756-7873). Read the prospectus carefully before investing.
Diversification does not assure a profit nor protect against loss in a
declining market.
Investing involves risk, including the possible loss of principal.
Shares of any ETF are bought and sold at market price (not NAV) and are
not individually redeemed from the Fund. Brokerage commissions will
reduce returns. Narrowly focused investments typically exhibit higher
volatility. The mining industry is highly volatile due to significant
fluctuation in the prices of commodities, as well as political and
regulatory developments. Investments in foreign securities involve
political, economic and currency risks, greater volatility and
differences in accounting methods. These risks are greater for
investments in emerging markets. The Funds are non-diversified, meaning
they may concentrate their assets in fewer individual holdings than a
diversified fund. Therefore, the Funds are more exposed to individual
issuer volatility than a diversified fund. Funds that are less
diversified across countries or geographic regions are generally riskier
than more geographically diversified funds and risks associated with
such countries or geographic regions may negatively affect a Fund.
Investments in small- and medium-capitalization companies tend to have
limited liquidity and greater price volatility than large-capitalization
companies. The PureFunds ISE Diamond/Gemstone ETF is subject to risks
associated with demand and supply of gemstones in the form of
jewelry/investments as well as industrial uses. Changes in consumer
taste, consumer confidence, man-made alternatives, and spending among
this segment of the population may have an adverse impact on the sale of
gemstones in the market. The PureFunds ISE Mining Service ETF is
subject to risks associated with adverse market conditions, increased
competition, environmental concerns, fluctuations in commodity prices
and supply and demand of hard commodities, decreased metals demand and
the success of exploration projects. Legal or regulatory changes, as
well as changes in governments’ policies towards metals, could also
adversely impact the mining services sector and therefore Fund
performance. The PureFunds ISE Junior Silver ETF is subject to risks
associated with the worldwide price of silver and the costs of
extraction and production. Worldwide silver prices may fluctuate
substantially over short periods of time, so the Fund’s share price may
be more volatile than other types of economic conditions, tax treatment,
government regulation and intervention, and world events in the regions
in which the companies operation. Factor Advisors, LLC serves as the
investment adviser and Esposito Partners, LLC serves as sub advisor to
the fund. The Funds are distributed by Quasar Distributors, LLC which is
not affiliated with Factor Advisors, LLC or any of its affiliates.
The SEC does not endorse, indemnify, approve, nor disapprove of any security.
Contact Information:
PureFunds Media
PureFunds Press Inquiries
Tel: 877-756-7873
Press release distribution and press release services by EmailWire.Com:
February 2012
Small cap investors with a stomach for risk who want to bet on a European rebound might want to consider taking a closer look at the WisdomTree Europe SmallCap Dividend Fund ETF (NYSEARCA: DFE) and the Montanaro European Smaller Companies Trust plc (LON: MTE) along with the Vanguard MSCI Europe ETF (NYSEARCA: VGK). However and with that said, a recent article in the Wall Street Journal has noted that Europe-focused stock mutual funds on average lost 15% in 2011 with ETF funds loosing 17% while the Vanguard MSCI Europe ETF (VGK) was down 16% (but its also up around 10% for the year). As for the WisdomTree Europe SmallCap Dividend Fund ETF (DFE), it ended 2011 down about 23% but its also up 14.36% since the start of the year while the Montanaro European Smaller Companies Trust plc (MTE) was down 24% in 2011 and its up 6.67% since the start of 2012. Of course, there have been predictions that Europe will have six quarters of recession starting this year with some European countries already in recession. So should you consider small cap European funds like WisdomTree Europe SmallCap Dividend Fund ETF (DFE) and Montanaro European Smaller Companies Trust plc (MTE) plus the Vanguard MSCI Europe ETF (VGK)?
Starting with the WisdomTree Europe SmallCap Dividend Fund ETF (DFE), it’s a fund that follows the the bottom 25% of the market capitalization of the WisdomTree Europe Dividend Index once the 300 largest companies have been removed. The WisdomTree Europe SmallCap Dividend Fund ETF has about one-third of its assets in small UK companies with the remainder invested in smaller companies in the euro zone. However and investors should note that in the Wall Street Journal article, Jeremy Schwartz, the director of research at WisdomTree Investments, did point out that small caps tend to participate more in the upside and the downside because they are significantly more sensitive to economic cycles. Nevertheless, the WisdomTree Europe SmallCap Dividend Fund ETF has a beta of 1.32 while Vanguard MSCI European ETF’s beta is not much lower at 1.27. On Tuesday, WisdomTree Europe SmallCap Dividend Fund ETF rose 0.54% to $37.34 (DFE has a 52 week trading range of $31.07 to $48.15 a share) for a market cap of $26 million.
Meanwhile, European based small cap investors might want to look at Montanaro European Smaller Companies Trust plc (MTE), a UK based investment company that uses the MSCI Europe SmallCap Index as its benchmark. Specifically, the Montanaro European Smaller Companies Trust plc has about 19% of its portfolio invested in Germany, 17% in Sweden, 10% in France and 10% in Switzerland. In addition, the Montanaro European Smaller Companies Trust plc has just under 50 companies in its portfolio with its top ten holdings accounting for close to one-third of the fund’s holdings. However, investors should note that the Montanaro European Smaller Companies Trust plc comes with a management fee of 1.0% p.a. of the company’s market capitalization along with a performance fee of 15% of the amount by which the increase in the NAV per Share in any accounting period (not exceeding 2% of the company’s NAV). On Tuesday, the Montanaro European Smaller Companies Trust plc rose 0.41% to 368p (MTE has a 52 week trading range of 363.50p to 476.50p a share) for a market cap of 63.16m GBP.
Finally, the Vanguard MSCI European ETF (VGK) attempts to track the MSCI Europe Index (the Index) which primarily includes large and mid-cap companies in developed European equity markets. UK companies account for roughly one-third of the fund’s holdings with France, Germany and Switzerland accounting for another 40% of its holdings plus about a quarter of the fund is invested in its top 10 holdings like Nestle, Royal Dutch Shell and HSBC. In other words, the Vanguard MSCI European ETF (VGK) is not a small cap fund but as with all Vanguard funds, it has a low expense ratio at 0.14%. Moreover, many of VGK’s big holdings are global or exporting MNCs – meaning they should not take as big of a hit in the event of a bad European recession. On Tuesday, the Vanguard MSCI Europe ETF rose 0.93% to $45.62 (VGK has a 52 week trading range of $38.40 to $56.68 a share) for a market cap of $2.63 billion.
The Bottom Line. Investors with a stomach for risk should not completely rule out the WisdomTree Europe SmallCap Dividend Fund ETF (DFE), the Montanaro European Smaller Companies Trust plc (MTE) or the Vanguard MSCI Europe ETF (VGK) as other than investing in European ADRs, these funds might be the easiest way to gain exposure to Europe – for better or for worst.
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