ETF Managers Group LLC (“ETFMG”), a leading thematic ETF issuer, announces that the first thematic product brought to market by the issuer, the ETFMG Prime Junior Silver Miners ETF (NYSE Arca: SILJ), has exceeded a significant milestone of $300 million* in assets under management. The first to market product targets small cap silver miners and has enjoyed asset inflows equating to a +341%** increase year over year. SILJ, which launched in November 2012, remains the first and only ETF to provide direct exposure to the silver mining exploration and production industry.
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Surpassing the $300 million mark is confirmation for SILJ that there is an increase in demand for silver: an asset class uncorrelated to most broad equity markets and a great method of diversification. A pick-up in industrial demand due to easing lockdowns as a result of the emergence of the COVID-19 pandemic has been a key factor that led to SILJ returns, which were up by 77.11% in Q2. SILJ’s return is up 6.67% YTD and 56.02% for the last 12 months.
“We are very proud to celebrate this milestone for SILJ, our first thematic ETF brought to market back in 2012,” says Sam Masucci, CEO and Founder of ETFMG. “SILJ’s outstanding asset growth is due in large part to its unique position in the market, designing an ETF that captured an under represented growth opportunity and being able to answer investor demand for thematic products and specifically direct access to the small cap silver commodity sector. Silver remains the most electrically conductive metal in the world and has significant industrial application, in common household items such as solar panels, medical devices and smartphones, and is an important store of value by way of coins, bars and jewelry.”
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