Global X Launches Responsible Gold Miners ETF in Europe

Global X has launched the Global X Responsible Gold Miners UCITS ETF (GLDX), offering exposure to global gold-mining companies that meet environmental, social and governance standards. Listed on Deutsche Börse and the London Stock Exchange, with additional listings planned in Italy and Switzerland, the fund carries a total expense ratio of 0.55%. Classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR), GLDX tracks the MerQube Responsible Gold Miners Index and requires companies to generate at least 50% of revenue from gold production, excluding royalty and streaming businesses. Its rules-based methodology screens companies for environmental management, worker safety, governance and community relations, while excluding UN Global Compact and OECD guideline violators. Additional screens assess carbon intensity, water usage and waste management, with holdings reweighted according to their alignment with the UN Sustainable Development Goals (SDGs).