Gold and Miners: Bridging the Performance Gap – ALPS & SPROTT – 11.16.17


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Gold continues to build on its 2016 positive return of 8.6%, with a 2017 YTD gain of 10.3% as of 10/31/2017*. By contrast, gold miners are lagging the yellow metal in 2017, departing from their historic pattern of relative outperformance. This gap may have created a unique investment opportunity for precious metals investors. Join us as we discuss what is happening with gold and gold equities right now.

  • Why does this performance gap exist?
  • What are the catalysts that will potentially close this gap?
  • How can you take advantage of this investment opportunity?
  • How does market cap weighting compare to factor-based approaches?
  • Why junior gold stocks may provide the greatest “torque” to the gold price, and how they have performed since the significant index change which impacted Q2?

*Source: Bloomberg L.P.

Sponsors of this webcast may contact registrants. This webcast is for financial professionals only.


Trey Reik
Senior Portfolio Manager
Sprott Asset Management

Trey Reik is a Precious Metals Strategist at Sprott Asset Management USA. He has dedicated the past thirteen years to comprehensive analysis of publicly traded gold-mining companies, developing significant perspective on their intrinsic values under a wide range of market conditions. Additionally, Mr. Reik is a renowned commentator on gold markets and monetary policy, including policies and actions of global central banks.

Ed Coyne
Executive Vice President
Sprott Asset Management

Mr. Coyne joined Sprott in January 2016 with over 23 years of investment management and sales experience. Previously, he was a Principal and Investment Specialist at Royce & Associates for over 18 years. Prior to that, Ed worked at Zweig mutual funds and Neuberger Berman as a Regional Sales Director.


Title: Gold and Miners: Bridging the Performance Gap
Date: Thursday, November 16, 2017
Time: 1:00 PM Eastern Daylight Time
Duration: 1 hour

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An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contain this and other information please contact your financial professional or call 1.855.215.1425. Read the prospectus carefully before investing.

The Sprott Gold Miners ETF and the Sprott Junior Gold Miners ETF shares are not individually redeemable. Investors buy and sell shares of the Sprott Gold Miners ETF and the Sprott Junior Gold Miners ETF on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 50,000 shares.

The Fund is not suitable for all investors. There are risks involved with investing in ETFs including the loss of money. The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the

market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.

The Funds will be concentrated in the gold and silver mining industry. As a result, the Funds will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the gold and silver mining industry. Also, gold and silver mining companies are highly dependent on the price of gold and silver bullion. These prices may fluctuate substantially over short periods of time so the Fund’s Share price may be more volatile than other types of investments.

Funds that emphasize investments in small/mid cap companies will generally experience greater price volatility.

Micro-cap stocks involve substantially greater risks of loss and price fluctuations because their earnings and revenues tend to be less predictable. These companies may be newly formed or in the early stages of development, with limited product lines, markets or financial resources and may lack management depth. Funds investing in foreign and emerging markets will also generally experience greater price volatility. There are risks involved with investing in ETFs including the loss of money. Diversification does not eliminate the risk of experiencing investment losses. ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day.

ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Sprott Gold Miners ETF and the Sprott Junior Gold Miners ETF.

SPT000422 12/29/17