The Amplify Pure Junior Gold Miners ETF (JGLD) holds a portfolio of companies engaged in junior and exploratory mining. Using the Investopedia definition, junior gold mining stocks are exploration companies in search of new gold deposits. Most of these companies are in the development and exploration phase. And like in other industries, market cap is often another criteria used to define junior mining companies.
What is Smart Beta? Smart beta investing seeks to combine the benefits of passive, rule-based investing with active management. The goal of smart beta is to generate alpha (excess return above the benchmark) either through better portfolio construction, such as a more optimal weighting scheme and/or by rule-based, quantitatively-driven security selection.
Although it was a bit overshadowed by the COVID-19 crisis, GraniteShares US Large Cap ETF (XOUT) was named ETF.com's Best New Smart Beta or Factor ETF last year, beating out formidable competition from Pacer, Fidelity, and Pimco.