Fintech
Gold Fund Holdings Update – August 2022 and Attribution Analysis
Toronto, Ontario–(Newsfile Corp. – August 23, 2022) – This report details the most recent portfolio holdings for Precious Metal Managed Funds and summarizes changes in portfolio holdings in August 2022.
A Copy of the Full Report is Available to Read by Following the Link Below:
https://mineralfunds/portfolio-holdings-update-august-2022
A portfolio holding ‘attribution analysis‘ is undertaken on the portfolios of every gold fund that reports full asset allocations monthly, and on any fund that reports with assets in excess of USD $1billion. The analysis includes a list of any companies which are new to a portfolio, and also a list of companies which have been completely sold from or ‘dropped’ from a portfolio.
The summary below outlines which companies have been added, and are new, to a given portfolio and which companies have been sold from, and are no longer held by, a given portfolio.
FUNDS REPORTING MONTHLY
30.Jun.2022 | $1,380 M USD |
Added | Dropped |
Ivanhoe Electric, Inc. | Alexco Resource Corp. |
New Pacific Metals Corp. | |
Foran Mining Corp. | |
Largest Position: | |
Newmont Corp. (NYSE: NEM) | 15.0% |
Franklin Gold & Precious Metals Fund (USA) | Franklin Gold and Precious Metals Fund (Lux) | ||
31.Jul.2022 | $986 M USD | 31.Jul.2022 | $478 M USD |
Added | Dropped | Added | Dropped |
Bravo Mining Corp. | Los Cerros Ltd. | Bravo Mining Corp. | Los Cerros Ltd. |
Genesis Minerals Ltd. | Royal Bafokeng Platinum Ltd. | Genesis Minerals Ltd. | Royal Bafokeng Platinum Ltd. |
Reunion Gold Corp. | Reunion Gold Corp. | ||
Largest Position: | Largest Position: | ||
Endeavor Mining (TSX: EDV) | 5.3% | Endeavor Mining (TSX: EDV) | 5.2% |
VanEck International Investors Gold Fund | VanEck VIP Global Gold Fund | ||
31.Jul.2022 | $687 M USD | 31.Jul.2022 | $44 M USD |
Added | Dropped | Added | Dropped |
Largest Position: | Largest Position: | ||
Franco-Nevada Crp. (TSX: FNV) | 9.3% | Franco-Nevada Crp. (TSX: FNV) | 9.2% |
FUNDS REPORTING MONTHLY ATTRIBUTION ANALYSIS
The Fund’s largest holding, Newmont Corp. (NYSE: NEM), increased in size in relative terms again this month from 14.6% to 15.0% of the portfolio, despite a decrease in holding size from $237.5 M USD to $208.8 M USD (-$18.7 M USD). The Newmont holding became a larger relative holding because the world’s largest listed gold company decreased in value by a lesser amount than smaller company holdings in a declining gold market over the month of June 2022.
During June 2022, Fidelity Select Gold Fund took a new position in Ivanhoe Electric, Inc. (NYSE: IE). The position was valued at $8.7 M USD representing 0.63% of the portfolio at month end. Ivanhoe Electric, Inc. is a newly listed company (listed June 2022) Chaired by mining financier Robert Friedland and is focused on the discovery of electric metals such as copper, gold, silver and nickel primarily in the USA.
The Fund also initiated a position in New Pacific Metals Corp. (TSX: NUAG). At month end the position was valued at $4.3 M USD representing 0.3% of the portfolio. New Pacific Metals holds three advanced stage, high quality silver projects in Bolivia including the Silver Sand project which was one of the earliest mineral discoveries in Bolivia.
Finally, the Fund also took on a new position in Foran Mining Corp. (TSXV: FOM) which is developing the McIlvenna Bay Project in Saskatchewan, Canada. The McIlvenna Bay Project is billed as ‘Developing a significant and scalable resource into the world’s first carbon neutral copper mine.” At month end the new position was valued at $1.4 M USD, representing 0.1% of the total portfolio.
During the month of June 2022, the Fund liquidated its holding of Alexco Resource Corp. (TSX: AXU) contributing to a selloff resulting from the announcement of a proposed transaction with Hecla Mining Company (NYSE: HL).
Franklin Gold & Precious Metals Fund (USA)
At month end July 2022, the Fund’s largest holding was Endeavour Mining PLC (TSX: EDV). This holding was valued at $51.8 M USD representing 5.3% of the portfolio. The second largest holding was Barrick Gold Corp (TSX: ABX) valued at $47.2 M USD and representing 4.8% of the total portfolio.
During July 2022, Franklin Gold & Precious Metals Fund (USA) took a new position in recently listed company (listed July 2022) Bravo Mining Corp. (TSXV: BRVO). Bravo Mining is developing the 100% owned Luanga PGM +Ni + Cu +Au Project in Carajás Mineral Province, Brazil. The company’s market cap is ~$160M CAD. At month end the Fund’s position was valued at $3.7M USD representing 0.38% of the total portfolio.
The Fund has also initiated a new position in Australian junior gold producer Genesis Minerals Ltd. (ASX: GMD). Genesis Minerals has a market cap of ~$460 M AUD and at month end the holding was valued at $3.2 M USD representing 0.35% of the portfolio. Genesis Minerals is focused on merging with Dacian Gold, developing the 2M oz. Leonora Gold Project and consolidating regional gold potential in and around Leonora, West Australia.
During July 2022, the Fund also took a new position in Reunion Gold Corp. (CVD: RGD). Reunion Gold has a market cap ~$260M CAD and at month end the position was valued at $2.5M USD representing 0.25% of the portfolio. Reunion Gold is focused on discovery and development of gold deposits in the Guiana Shield and has gold exploration and development projects in Guyana, Suriname and French Guiana.
During the month of July 2022, the Fund liquidated positions in Australian listed Los Cerros Ltd. (ASX: LCL) and South African listed Royal Bafokeng Platinum Ltd. (JSE: RBP).
Franklin Gold and Precious Metals Fund (Lux)
Franklin Gold and Precious Metals Fund (Luxembourg) mirrors Franklin Gold and Precious Metals Fund (USA).
VanEck International Investors Gold Fund
Franco-Nevada Corp. (TSX: FNV) remained the Fund’s largest position valued at $81.2 M USD and representing 9.3% of the portfolio. The Fund did not acquire any new company names and did not fully liquidate any holdings during the month of July.
The Fund increased holdings in: B2Gold Corp. (TSX: BTO) and Predictive Discovery Limited (ASX: PDI).
The Fund reduced holdings in: Nighthawk Gold Corp. (TSX: NHK), Wallbridge Mining Co. Ltd. (TSX: WM), Rio2 Limited (CVE: RIO) and Perpetua Resources Corp. (TSX: PPTA).
VanEck VIP Global Gold Fund mirrors VanEck International Investors Fund.
A complete list of Precious Metal Managed Funds and their respective portfolio holdings can be found at:
https://mineralfunds.com/gold-funds/
Reported by: Khadijah Samnani, Analyst Supported By: Christopher Berlet BSc, CFA
For further information please contact:
(416) 525 – 6869
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134612
Fintech
How to identify authenticity in crypto influencer channels
Modern brands stake on influencer marketing, with 76% of users making a purchase after seeing a product on social media.The cryptocurrency industry is no exception to this trend. However, promoting crypto products through influencer marketing can be particularly challenging. Crypto influencers pose a significant risk to a brand’s reputation and ROI due to rampant scams. Approximately 80% of channels provide fake statistics, including followers counts and engagement metrics. Additionally, this niche is characterized by high CPMs, which can increase the risk of financial loss for brands.
In this article Nadia Bubennnikova, Head of agency Famesters, will explore the most important things to look for in crypto channels to find the perfect match for influencer marketing collaborations.
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Comments
There are several levels related to this point.
LEVEL 1
Analyze approximately 10 of the channel’s latest videos, looking through the comments to ensure they are not purchased from dubious sources. For example, such comments as “Yes sir, great video!”; “Thanks!”; “Love you man!”; “Quality content”, and others most certainly are bot-generated and should be avoided.
Just to compare:
LEVEL 2
Don’t rush to conclude that you’ve discovered the perfect crypto channel just because you’ve come across some logical comments that align with the video’s topic. This may seem controversial, but it’s important to dive deeper. When you encounter a channel with logical comments, ensure that they are unique and not duplicated under the description box. Some creators are smarter than just buying comments from the first link that Google shows you when you search “buy YouTube comments”. They generate topics, provide multiple examples, or upload lists of examples, all produced by AI. You can either manually review the comments or use a script to parse all the YouTube comments into an Excel file. Then, add a formula to highlight any duplicates.
LEVEL 3
It is also a must to check the names of the profiles that leave the comments: most of the bot-generated comments are easy to track: they will all have the usernames made of random symbols and numbers, random first and last name combinations, “Habibi”, etc. No profile pictures on all comments is also a red flag.
LEVEL 4
Another important factor to consider when assessing comment authenticity is the posting date. If all the comments were posted on the same day, it’s likely that the traffic was purchased.
2. Average views number per video
This is indeed one of the key metrics to consider when selecting an influencer for collaboration, regardless of the product type. What specific factors should we focus on?
First & foremost: the views dynamics on the channel. The most desirable type of YouTube channel in terms of views is one that maintains stable viewership across all of its videos. This stability serves as proof of an active and loyal audience genuinely interested in the creator’s content, unlike channels where views vary significantly from one video to another.
Many unauthentic crypto channels not only buy YouTube comments but also invest in increasing video views to create the impression of stability. So, what exactly should we look at in terms of views? Firstly, calculate the average number of views based on the ten latest videos. Then, compare this figure to the views of the most recent videos posted within the past week. If you notice that these new videos have nearly the same number of views as those posted a month or two ago, it’s a clear red flag. Typically, a YouTube channel experiences lower views on new videos, with the number increasing organically each day as the audience engages with the content. If you see a video posted just three days ago already garnering 30k views, matching the total views of older videos, it’s a sign of fraudulent traffic purchased to create the illusion of view stability.
3. Influencer’s channel statistics
The primary statistics of interest are region and demographic split, and sometimes the device types of the viewers.
LEVEL 1
When reviewing the shared statistics, the first step is to request a video screencast instead of a simple screenshot. This is because it takes more time to organically edit a video than a screenshot, making it harder to manipulate the statistics. If the creator refuses, step two (if only screenshots are provided) is to download them and check the file’s properties on your computer. Look for details such as whether it was created with Adobe Photoshop or the color profile, typically Adobe RGB, to determine if the screenshot has been edited.
LEVEL 2
After confirming the authenticity of the stats screenshot, it’s crucial to analyze the data. For instance, if you’re examining a channel conducted in Spanish with all videos filmed in the same language, it would raise concerns to find a significant audience from countries like India or Turkey. This discrepancy, where the audience doesn’t align with regions known for speaking the language, is a red flag.
If we’re considering an English-language crypto channel, it typically suggests an international audience, as English’s global use for quality educational content on niche topics like crypto. However, certain considerations apply. For instance, if an English-speaking channel shows a significant percentage of Polish viewers (15% to 30%) without any mention of the Polish language, it could indicate fake followers and views. However, if the channel’s creator is Polish, occasionally posts videos in Polish alongside English, and receives Polish comments, it’s important not to rush to conclusions.
Example of statistics
Wrapping up
These are the main factors to consider when selecting an influencer to promote your crypto product. Once you’ve launched the campaign, there are also some markers to show which creators did bring the authentic traffic and which used some tools to create the illusion of an active and engaged audience. While this may seem obvious, it’s still worth mentioning. After the video is posted, allow 5-7 days for it to accumulate a basic number of views, then check performance metrics such as views, clicks, click-through rate (CTR), signups, and conversion rate (CR) from clicks to signups.
If you overlooked some red flags when selecting crypto channels for your launch, you might find the following outcomes: channels with high views numbers and high CTRs, demonstrating the real interest of the audience, yet with remarkably low conversion rates. In the worst-case scenario, you might witness thousands of clicks resulting in zero to just a few signups. While this might suggest technical issues in other industries, in crypto campaigns it indicates that the creator engaged in the campaign not only bought fake views and comments but also link clicks. And this happens more often than you may realize.
Summing up, choosing the right crypto creator to promote your product is indeed a tricky job that requires a lot of resources to be put into the search process.
Author
Nadia Bubennikova, Head of agency at Famesters
Fintech
Central banks and the FinTech sector unite to change global payments space
The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.
Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.
Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).
At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.
The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.
As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.
Source: fintech.globa
The post Central banks and the FinTech sector unite to change global payments space appeared first on HIPTHER Alerts.
Fintech
TD Bank inks multi-year strategic partnership with Google Cloud
TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.
The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.
This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.
TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.
Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.
TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.
Source: fintechfutures.com
The post TD Bank inks multi-year strategic partnership with Google Cloud appeared first on HIPTHER Alerts.
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