Gold BUGS Index (HUI)
What it is:
How it works (Example):
The Gold BUGS weighted . As a result, most of the 's component stocks are equally weighted with the exception of a few of the largest stocks, which are more heavily weighted.is comprised of 15 of the nation's largest unhedged gold mining stocks. It is a modified equal-dollar
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Why it Matters:
When the price of gold declines, the Gold BUGStends to fall much faster than its hedged cousin, the XAU. In addition, the firm's unusual weighting system can be difficult to understand.
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