The Amundi NYSE Arca Gold BUGS UCITS ETF is an exchange-traded fund designed to track the performance of the NYSE Arca Gold BUGS Index. This index comprises a modified equal-weighted basket of gold mining companies whose hedging activities are less than 50% of their expected production for more than two years.
This ETF primarily holds equities of major global gold mining companies. Managed by Amundi, its main purpose is to offer investors exposure to the price movements of gold through unhedged gold producers, aiming to provide a correlation to physical gold prices.
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