Fintech
Gold and Special Minerals Fund Holdings Monthly Update – May 2023 and Attribution Analysis
Toronto, Ontario–(Newsfile Corp. – May 30, 2023) – This report details the most recent portfolio holdings for Gold & Precious Metal Managed Funds and summarizes changes in portfolio holdings.
A Copy of the Full Report is Available at the Link Below:
https://mailchi.mp/mineralfunds/portfolio-holdings-monthly-update-may-2023
Gold & Precious Metal Managed Funds included in this report:
A portfolio holding ‘attribution analysis‘ is undertaken on the portfolios of gold funds that report asset allocations monthly, and on any fund with assets that exceed $1 Billion USD and that reports during the period.
The attribution analysis includes a list of companies which are new to a portfolio in the period ‘New Company Holdings’, and companies which have been eliminated from a portfolio during the period ‘Companies Divested’.
FUNDS REPORTING MONTHLY
31.Mar.2023 | $1,810 M USD |
New Company Holdings | Companies Divested |
Atex Resources, Inc. | BeMetals Corp. |
Guanajuato Silver Co. Ltd. | Pure Gold Mining, Inc. |
Largest Position: | |
Agnico Eagle M. Ltd. (TSX: AEM) | 8.4% |
Franklin Gold & Precious Metals Fund (USA) Franklin Gold & Precious Metals Fund (Lux)
30.Apr.2023 | $1,010 M USD | 30.Apr.2023 | $445 M USD |
New Company Holdings | Companies Divested | New Company Holdings | Companies Divested |
Montage Gold Corp. | None | Montage Gold Corp. | None |
Largest Position: | Largest Position: | ||
Endeavor Mining (TSX: EDV) | 5.2% | Endeavor Mining (TSX: EDV) | 5.2% |
VanEck International Investors Gold Fund VanEck VIP Global Gold Fund
30.Apr.2023 | $791 M USD | 30.Apr.2023 | $60.5 M USD |
New Company Holdings | Companies Divested | New Company Holdings | Companies Divested |
West Red Lake Gold Mines | Sabina Gold & Silver Corp. | West Red Lake Gold Mines | Sabina Gold & Silver Corp. |
Largest Position: | Largest Position: | ||
Agnico Eagle M. Ltd. (TSX: AEM) | 6.7% | Agnico Eagle M. Ltd. (TSX: AEM) | 6.8% |
ATTRIBUTION ANALYSIS FOR FUNDS REPORTING MONTHLY
AUM for Fidelity Select Gold Fund have increased since the time of our last update (Sep.2022) from $1,179 M USD to $1,810 M USD (Mar.2023) (+53.5%).
The Fund reported 2 new positions in Mar.2023: ATEX Resources Inc. (CVE: ATX) and Guanajuato Silver Co. Ltd. (TSXV: GSVR).
ATEX Resources Inc. is a Latin America-focused (principally Chile) exploration company headed up by experienced mining entrepreneur Raymond Jannas who is leading a team of professionals with the goal of discovering economically viable mineral deposits through a disciplined approach to exploration.
On August 4, 2022, Guanajuato Silver Co. Ltd. acquired all the Mexican assets of Great Panther Mining. This transaction expanded Guanajuato Silver’s operations to a total of five mines and three production facilities.
During the most recent reporting period (Mar.2023), Fidelity Select Gold Fund divested from BeMetals Corp. (TSXV: BMET) which is advancing gold exploration targets in Kyushu, Japan. The Fund’s holding of Pure Gold Mining Inc. (NEX: PGM.H) was liquidated with West Red Lake Gold Mines Ltd. (TSXV: WRLG) acquiring the historic Madsen Gold Mine.
Franklin Gold & Precious Metals Fund (USA)
AUM for Franklin Gold & Precious Metals Fund (USA) have increased since the time of our last update (Oct.2022) from $831 M USD to $1,010 M USD (Apr.2023) (+21.5%).
The Fund reported a new position in: Montage Gold Corp. (CVE: MAU).
Montage Gold Corp. is headed up by Richard P. Clark, formerly CEO of Red Back Mining Inc. which sold to Kinross for $7.1 B USD, and is supported by a team recognized for discovering, building, operating, and growing major gold deposits in West Africa.
Franklin Gold & Precious Metals Fund (Lux)
AUM for Franklin Gold & Precious Metals Fund (USA) have increased since the time of our last update (Oct.2022) from $329 M USD to $445 M USD (Apr.2023) (+35.2%).
VanEck International Investors Gold Fund
AUM for VanEck International Investors Gold Fund have increased since the time of our last update (Oct.2022) from $588 M USD to $791 M USD (Apr.2023) (+34.5%).
The Fund reported a new position in: West Red Lake Gold Mines Ltd. (TSXV: WRLG)
West Red Lake Gold Mines Ltd. recently acquired the historic Madsen Gold Mine from Pure Gold Mining Inc.
The Fund’s position in Sabina Gold & Silver Corp. was acquired by B2Gold Corporation (TSX: BTO).
AUM for VanEck VIP Global Gold Fund have increased since the time of our last update (Oct.2022) from $37 M USD to $60.5 M USD (Apr.2023) (+63.5%).
The Fund reported a new position in West Red Lake Gold Mines Ltd. (TSXV: WRLG) which acquired the historic Madsen Gold Mine from Pure Gold Mining Inc. in receivership. The Fund’s position in Sabina Gold & Silver Corp. was acquired in full by B2Gold Corporation (TSX: BTO).
FUNDS WITH AUM > $1 BILLION USD
BlackRock Global Funds World Gold Fund
Fund Comparison: August 31st, 2022 / February 28th, 2023
28.Feb.2023 | $3,823 B USD |
New Company Holdings | Companies Divested |
Pan American Silver Corp. | Castile Resources Ltd. |
Rupert Resources Ltd. | |
Largest Position: | |
Endeavor Mining (TSX: EDV) | 7.4% |
Invesco Gold & Special Minerals Fund (USA)
Fund Comparison: October 31st, 2022 / January 31st, 2023
31.Jan.2023 | $2,065 B USD |
New Company Holdings | Companies Divested |
Teck Resources Ltd. | Lake Resources |
Alcoa Corp. | Westgold Resources Ltd. |
Piedmont Lithium Inc. | Equinox Gold Corp. |
Maverix Metals, Inc. | |
Minera Alamos, Inc. | |
New Gold Inc. | |
Novagold Resources Inc. | |
Jervois Global Ltd. | |
AngloGold Ashanti Ltd. | |
Largest Position: | |
Barrick Gold Corp. (TSX: ABX) | 7.4% |
ATTRIBUTION ANALYSIS FOR FUNDS WITH ASSETS > $1B USD
BlackRock Global Funds World Gold Fund
AUM for the world’s largest gold equities fund, BlackRock Global Funds World Gold Fund (BGF World Gold Fund), increased over the reporting period from (Aug.2022) to (Feb.2023) from $3,351 M USD to $3,823 M USD (+14.1%).
The Fund reported 2 new positions: Pan American Silver Corp. (TSX: PAAS) and Rupert Resources Ltd. (TSX: RUP).
On March 31, 2023, Pan American Silver Corp. acquired the Latin American mines and properties of Yamana Gold Inc. In the 6 months to Feb.2023 BGF World Gold Fund took up a new position in Pan American Silver Corp.
Rupert Resources Ltd. is advancing the Ikkari Discovery in the Central Lapland Greenstone Belt in the Tier 1 mining jurisdiction of Finland. In the 6 months to Feb.2023 BGF World Gold Fund took up a new position in Rupert Resources Ltd.
In the 6 months to Feb.2023, the Fund divested from Australian listed Castile Resources Ltd. (ASX: CST). Castile’s flagship asset is the Rover 1 IOCG Project located in the Rover Mineral Field in the Northern Territory. Castile has supported a public listing since January 2020 and released a pre-feasibility report for Rover 1 on January 31st, 2023.
Invesco Gold & Special Minerals Fund (USA)
AUM for Invesco Gold & Special Minerals Fund (USA) increased over the reporting period from (Oct.2022) to (Jan.2023) from $1,533 M USD to $2,066 M USD (+34.7%).
In the most recent reporting quarter (Oct.2022-Jan.2023), Invesco Gold & Special Minerals Fund has taken on 3 new positions: Teck Resources Ltd. (TSX: TECK.B), Alcoa Corp. (NASDAQ: AA) and Piedmont Lithium Inc. (NASDAQ: PLL).
Teck Resources Ltd. is in public takeover discussions with Glencore plc (LON: GLEN). Piedmont Lithium Inc. is an Australian mining company in the process of proving economic mineral recovery of lithium in Gaston County, North Carolina.
During the reporting period (Oct.2022-Jan.2023), the Fund divested from several public company holdings including: Lake Resources Co. (ASX: LKE), Westgold Resources Ltd. (ASX: WGX), Equinox Gold Co. (TSX: EQX), Maverix Metals Inc. (TSX: MMX), Minera Alamos Inc. (CVE: MAI), New Gold Inc. (TSX: NGD), NovaGold Resources Mining Co. (TSX: NG), Jervois Mining Ltd. (CVE: JRV) and AngloGold Ashanti Ltd. (JSE: ANG).
Maverix Metals Inc. (TSX: MMX) was taken over by Triple Flag Precious Metals Corp. on January 12th, 2023. The remaining companies were portfolio divestitures during the quarter.
‘Increasing Shareholding’ and ‘Decreasing Shareholding’ fields identify companies to which a fund is either increasing or, alternatively, decreasing exposure. This portfolio analysis information is available to Substack subscribers only.
A complete list of Gold and Precious Metal Managed Funds and their respective portfolio holdings can be found at:
https://mineralfunds.com/gold-funds/
Reported by: Christopher Berlet BSc, CFA Supported By: Khadijah Samnani, Analyst
For further information please contact:
(416) 525 – 6869
[email protected]
Fintech
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Fintech
SPAYZ.io prepares for iFX EXPO Dubai 2025
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Fintech
Airtm Enhances Its Board of Directors with Two Strategic Appointments
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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