IVV and METL Experience Significant Inflows in ETFs
ETF Inflows: The METL ETF experienced the largest increase in inflows, adding 260,000 units, which represents a 39.4% rise in outstanding units.
Author's Perspective: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
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ETF Inflows: The METL ETF experienced the largest increase in inflows, adding 260,000 units, which represents a 39.4% rise in outstanding units.
Author's Perspective: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
Introduction of METL: Sprott Inc. launched the Sprott Active Metals & Miners ETF (METL), which invests in the entire metals and mining lifecycle, focusing on strategic metals like copper, uranium, silver, lithium, and steel, while emphasizing traditional miners, recyclers, and royalty companies.
Investment Strategy: Unlike typical ETFs, METL targets firms that are currently undervalued but have strong fundamentals, utilizing a combination of top-down sector research and bottom-up stock selection, with a management team that conducts extensive mine site visits to identify investment opportunities.
Launch of New ETF: Sprott Inc. has introduced the Sprott Active Metals & Miners ETF (METL), an actively managed fund aimed at long-term capital appreciation by investing in various companies within the metals and mining sector, including miners, recyclers, and royalty companies.
Investment Strategy and Management: The ETF employs a value-oriented and contrarian investment strategy, led by a team with extensive experience in the industry, focusing on undervalued companies with strong fundamentals that are currently out of favor with investors.
Launch of New ETF: Sprott Inc. has introduced the Sprott Active Metals & Miners ETF (METL), an actively managed fund aimed at long-term capital appreciation by investing in various companies within the metals and mining sector, including miners, recyclers, and royalty companies.
Investment Strategy and Management: The ETF employs a value-oriented and contrarian investment strategy, led by a team of experienced portfolio managers who focus on undervalued companies with strong fundamentals, while also conducting extensive sector analysis and site visits to identify investment opportunities.
Fund Details: The First Trust Indxx Future Economy Metals UCITS ETF has a net asset value of $1,169,142.34 and 50,002 shares in issue, with a NAV per share of 23.382 USD as of October 4, 2024.
Identification Information: The fund is identified by the ticker METL LN and ISIN Code IE000UDFKE13, with a receipt time offset from UTC noted as 20241007T090238+0100.
- Funds: First Trust Indxx Future Economy Metals UCITS ETF
- Date: 25.06.2024
- TIDM: METL LN
- ISIN Code: IE000UDFKE13
- Shares in Issue: 50,002.00
- Currency: USD
- Net Asset Value: 1,105,903.85
- NAV per Share: 22.117











