VanEck Rare Earth/Strategic Metals ETF (REMX)
About VanEck Rare Earth/Strategic Metals ETF (REMX)
The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. The Rare Earth/ Strategic Metals Index includes companies primarily engaged in a variety of activities that are related to the producing, refining and recycling of rare earth and strategic metals and minerals. Such companies may include small- and medium- capitalization companies and foreign and emerging market issuers. To be initially eligible for the Rare Earth/ Strategic Metals Index, companies must generate at least 50% of their revenues from rare earth/ strategic metals or have mining projects with the potential to generate at least 50% of their revenues from rare earth/ strategic metals when developed. Rare earth/ strategic metals are industrial metals that are typically mined as by-products or secondary metals in operations focused on precious metals and base metals. Compared to base metals, they have more specialized uses and are often more difficult to extract. Currently, approximately 44 elements in the periodic table are considered rare earth/ strategic metals. Rare earth metals (or rare earth elements), a subset of strategic metals, are a collection of chemical elements that are crucial to many of the worlds most advanced technologies, such as cellular phones, high performance batteries, flat screen televisions, green energy technology, and are expected to be critical to the future of hybrid and electric cars, high-tech military applications and superconductors and fiber-optic communication systems. The Rare Earth/ Strategic Metals Index may include A-shares issued by companies trading via the Shanghai-Hong Kong Stock Connect program and the Shenzhen-Hong Kong Stock Connect program (together, Stock Connect). As of December 31, 2023, the Rare Earth/ Strategic Metals Index included 27 securities of companies with a market capitalization range of between approximately $349 million and $17 billion and a weighted average market capitalization of $5.2 billion. These amounts are subject to change. The Funds 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days prior written notice to shareholders.
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VanEck Rare Earth/Strategic Metals ETF News
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Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.