World Materials ETF Market Drops by 1.18% on June 15, 2023

The World Materials ETF market, comprising of 19 ETFs with a total value of 4 Bn EUR, experienced a decline of 1.18% in performance on June 15, 2023.

The World Materials ETF market experienced a decline of 1.18% on June 15, 2023, leaving the market at a valuation of 4 Bn EUR. This market is comprised of 19 ETFs, with the VanEck Global Mining UCITS ETF (GDIG), VanEck Junior Gold Miners UCITS ETF (GDXJ), Global X Copper Miners UCITS ETF (COPX), and Lyxor NYSE Arca Gold BUGS (DR) UCITS ETF (CBGOLD) reflecting the overall market movement. Of these, COPX exhibited the highest daily return of 1.23%, while GDXJ experienced the lowest with a return of -0.85%.

The daily performance of the aforementioned ETFs was influenced by four companies: BARRICK GOLD ORD (ABX), NORTHERN STAR RESOURCES ORD (NST), FRANCO NEVADA ORD (FNV), and NEWCREST MINING ORDINARY (NCM). ABX, in particular, experienced the largest decline with a -2.59% daily return and a -4.72% return over one week. NST, FNV, and NCN also saw negative daily and weekly returns, contributing to the overall market decline.

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