New rare metals ETFs: REMX

Rare metals are in all the news lately as China threatens to cut supply. Rare earth metals are in high demand s they are used in everything from cell phones, flat screen televisions, high-performance batteries, and high-tech weapons.

Van Eck will be launching the Rare Earth/Strategic Metals ETF (ticker REMX) on Thursday, focusing exactly on materials “which make up 49 of the elements on the periodic table.”

• MER will be 0.57%
• follows an index created by Structured Solutions AG
• the benchmark has 24 securities of companies primarily engaged in activities related to producing, refining and recycling of rare earth and strategic metals.
• 24% of the weight is in Australia, 19.8% in Canada, 18.7% in the U.S., 14.84% in China, 11% in Japan