VanEck Green Metals ETF (GMET)
VanEck Green Metals ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $44.79, down 2.63% on the session, giving a market capitalisation of $35.5M. Its beta of 1.31 implies it has historically moved more than the broad market.
The VanEck Green Metals ETF (GMET) aims to mirror, with the highest possible fidelity and prior to any costs, the financial returns (both capital appreciation and income) of the MVIS Global Clean-Tech Metals Index (MVGMETTR). This benchmark specifically monitors the performance of businesses engaged throughout the entire value chain of 'green metals,' from their initial extraction and purification to subsequent processing and recycling. Such green metals are indispensable materials utilized in the systems, goods, and methods that facilitate the worldwide shift from fossil fuels toward sustainable energy alternatives and innovative clean technologies.
VanEck Green Metals ETF is most often compared with the following Financial Services names: