Rare Earth ETF Has Speculators Drooling (REMX)
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With the surge in rare earth stocks over the past few months, investors are a buzz with the latest ETF creation - Market Vectors Rare Earth/Strategic Metals (NYSE: REMX).
The ETF, being brought from Van Eck Global, will begin trading tomorrow October 28, 2010 on the New York Stock Exchange.
The ETF has an annual fee of 0.57 percent
The benchmark has 24 securities of companies with a market capitalization range of between approximately $157 million and $370 billion and an average market capitalization of $1.2 billion.
Stocks that trade in the U.S. and are included in the benchmark index:
Rare Element Resources Ltd. (AMEX: REE)
Titanium Metals Corporation (NYSE: TIE)
RTI International Metals, Inc. (NYSE: RTI)
Molycorp, Inc. (NYSE: MCP)
General Moly, Inc. (AMEX: GMO)
Thompson Creek Metals Company Inc. (NYSE: TC)
The ETF, being brought from Van Eck Global, will begin trading tomorrow October 28, 2010 on the New York Stock Exchange.
The ETF has an annual fee of 0.57 percent
The benchmark has 24 securities of companies with a market capitalization range of between approximately $157 million and $370 billion and an average market capitalization of $1.2 billion.
Stocks that trade in the U.S. and are included in the benchmark index:
Rare Element Resources Ltd. (AMEX: REE)
Titanium Metals Corporation (NYSE: TIE)
RTI International Metals, Inc. (NYSE: RTI)
Molycorp, Inc. (NYSE: MCP)
General Moly, Inc. (AMEX: GMO)
Thompson Creek Metals Company Inc. (NYSE: TC)
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