Dallas, Texas 09/13/2013 (Financialstrend) – The company Market Vectors ETF Trust (NYSEARCA:FRAK) deals with the equities, fixed incomes, and currency markets. As of now, the company has the possession of about $23.7 billion of asset under management. Their performance has made them earn the recognition of being the 5th largest ETP family of the USA. They were also honored as the 8th largest ETP family globally in 31st December 2011. The company takes the responsibility of spreading their works to change the political and economic conditions for the better.
Investing in Gold Miners
In the recent times, the production of gold saw a sudden but gradual downfall. But the situation is now well covered for the past two months with a steady and hopeful rise of gold. It has been possible due to the investments on the gold miners and the company has taken a big step doing just the same. As per the current market performance of one of the biggest shareholders of the company, his share counts about 8.8 million, allowing him to be in the list of top 5 institutional shareholders of the company.
Gold going Cheaper
According to the stats of November 2011, the company was engaged in trading about $60 a share. The price of gold at that time was ranging between $1,700 and $1,800 per ounce. But the present and fresh stats say that the trading is going on around $28 a share, whereas the price of gold is about $1,400 per ounce.
Bright Future Ahead
The given stats show how well the company is performing in the markets of today. It also gives the impression that the maintaining the same rate of consistency can further uplift the company in the near future. This is definitely a good news, not just for the company, but also for the global markets, as far as the future is concerned.