PowerShares Global Gold & Precious Metals Portfolio (PSAU) is an exchange-traded fund (ETF) that seeks to track the performance of the NASDAQ OMX Global Gold & Precious Metals Index, which is designed to track the performance of companies that are primarily engaged in the mining, refining, and production of gold and precious metals.
As of February 25, 2023, the market capitalization of PSAU is approximately $291.5 million. The fund has an expense ratio of 0.75% and holds a diversified portfolio of global companies involved in the gold and precious metals industry. Some of the top holdings in the fund include Barrick Gold Corp, Newmont Mining Corp, and Franco-Nevada Corp.
Investing in PSAU can provide investors with exposure to the gold and precious metals industry, which can serve as a hedge against inflation and global economic uncertainty. However, it's important to note that investing in gold and precious metals can be volatile and may not be suitable for all investors. Additionally, the price of gold can be impacted by a variety of factors, including changes in interest rates, global economic conditions, and geopolitical events.
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