Eric Strand, CEO at AuAg Funds and founder of the AuAg ESG Gold Mining UCITS ETF joins Proactive London for their 'Monthly Gold Miners Market Report'.
The AuAg ESG Gold Mining UCITS ETF seeks to offer exposure to an equal-weighted basket of 25 ESG screened companies that are active in the gold mining industry. The ETF tracks the Solactive AuAg ESG Gold Mining Index which focuses on companies that have low ESG risk characteristics.
Strand talks through some of the macroeconomic factors that are impacting the gold market right now which include continued high levels of fiscal and central bank stimulus. The Fed is currently purchasing bonds at a rate of 120 billion USD a month. As Strand explains there is a bottoming sentiment in the market for precious metals, which historically acts as a good support for prices when sentiment shifts into a rising trend.