HUI Gold Index

HUI Gold Index

The NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index (also known as the HUI Index) is a modified equal dollar weighted index of companies involved in gold mining. The Gold BUGS Index is listed on the NYSE Amex under the symbol "HUI". The HUI Index and Philadelphia Gold and Silver Index (PHLX: XAU) are the two most watched gold indices on the market. The Gold BUGS Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years. The HUI Index was developed with a base value of 200.00 as of March 15, 1996. The AMEX Gold BUGS Index currently consists of 15 of the largest and most widely held public gold production companies.[1]

Contents

Index components

This list is complete and up-to-date as of October 1, 2011.
Company Name Symbol Weighting[nb 1]
Goldcorp Inc NYSE: GG 15.36%
Barrick Gold NYSE: ABX 15.08%
Newmont Mining NYSE: NEM 11.05%
Gold Fields Ltd Adr NYSE: GFI 4.78%
Iamgoldcorp NYSE: IAG 4.77%
Harmony Gold Mining Adr NYSE: HMY 4.76%
Randgold Resources Ads NASDAQ: GOLD 4.74%
Agnico Eagle Mines NYSE: AEM 4.63%
Anglogold Ashanti Ltd Ads NYSE: AU 4.63%
Eldorado Gold Corp NYSE: EGO 4.55%
Kinross Gold NYSE: KGC 4.52%
Yamana Gold NYSE: AUY 4.51%
Comp de Minas Buenaventura Ads NYSE: BVN 4.47%
Coeur d'alene Mines NYSE: CDE 4.18%
New Gold Inc AMEX: NGD 4.01%
Hecla Mining NYSE: HL 3.96%
  1. ^ The weightings above are updated infrequently. See NYSE Arca Gold BUGS Index the for the current composition weighting.


Adjustments are made quarterly after the close of trading on the third Friday of March, June, September, and December so that each component stock represents its assigned weight in the index.

HUI/Gold Ratio

The HUI/Gold Ratio is an expression which compares the relative quantities of the Amex Gold BUGS Index and the price of gold. The ratio is calculated by dividing the value of the Amex Gold BUGS Index by the price of gold.

Investors use the HUI/Gold Ratio to illustrate the ever-shifting relative strength of the gold stocks versus gold.[2]

See also

References

  1. ^ NYSE Euronext, Amex Gold BUGS Index - HUI http://www.amex.com/othProd/prodInf/OpPiIndMain.jsp?Product_Symbol=HUI
  2. ^ Zeal, HUI/Gold Ratio Trends http://www.zealllc.com/2007/hgrtrend.htm

External links


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