HUI Gold Index

The NYSE Arca Gold BUGS Index (also known as HUI AMEX Gold BUGS Index earlier ) is traded in U.S. dollars stock index of international gold producer and gold mainly promoting mining companies. BUGS stands for Basket of Unhedged Gold Stocks ( equity basket of gold companies that have not hedged with forward sales).

Calculation

The NYSE Arca Gold BUGS Index ( HUI ) includes the stock of international gold producer, acting or sell their gold production is not or only to a small extent on the futures exchanges. These mining companies are therefore highly dependent on the current price of gold. BUGS is the abbreviation for Basket of Unhedged Gold Stocks ( equity basket of gold companies that have not hedged with forward sales). The HUI Index was launched to provide a hedge against short-term gold price movements by companies are included, to no more than 1.5 years, the empty sell their gold production forward respectively.

The calculated in U.S. dollars HUI is a price index, dividends, are not included in the calculation. The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. They are weighted by market capitalization. Corporate actions such as stock splits have no ( distorting ) influence on the index. Updates are always done on a quarterly basis after the close of trading on the third Friday in March, June, September and December, so that each share component represents its assigned weighting in the index. The HUI tracks the performance of the New York Stock Exchange, NYSE Amex or NASDAQ listed from gold stocks.

Some of Exchange Traded Funds (ETF ) form according to the HUI.

In addition to the price index HUI also the performance indices HUITR and HUINTR be calculated.

Another important index of international gold producer is the Philadelphia Gold and Silver Index ( XAU). The XAU represents a portfolio of hedged and unhedged mining companies whose funding is secured both without and with forward sales. This is a major difference from the NYSE Arca Gold BUGS Index ( HUI ), which represent shares of gold producers includes, make the no forward sales.

History

Historical Overview

The AMEX Gold BUGS Index ( HUI ) was launched with a base value of 200.00 points on March 15, 1996. On 14 November 2000, the index ended trading at an all time low of 35.99 points. Since March 1996, the loss amounts to 82.0 percent. It is the biggest downfall in the history of the stock index.

Since 2001 the price of gold and thus the AMEX Gold BUGS Index is continuously increasing. This increase has a clear correlation with the growth of the U.S. national debt and the weakening of the dollar against world currencies. On 9 September 2003, the index closed since 1996 for the first time above the limit of 200 points. In the following five years, the HUI achieved numerous record highs.

On 4 January 2006, he joined the first time on the 300 - point mark on 20 September 2007 for the first time over the limit of 400 points. On 3 March 2008 the mark of 500 points was also the first time overcome. A week later, on 14 March 2008, ended the HUI trading in a record level of 514.89 points. Since the low of November 2000, the profit amounted to 1,330.6 percent.

On 17 January 2008, the NYSE Euro Next announced the acquisition of the American Stock Exchange ( AMEX). On 1 October 2008, the purchase was completed and the AMEX was renamed NYSE Alternext U.S.. Five months later, on 6 March 2009, the stock market got the name NYSE Amex. To reflect this change, the AMEX Gold BUGS Index NYSE Arca in Gold BUGS Index was renamed.

In the course of the international financial crisis in the U.S. subprime crisis had its origins in 2007, the index began to decline. On 22 October 2008, the HUI finished trading with 168,36 points below the 200- point mark on 27 October 2008, he graduated to a low of 151.57 points. The loss since March 2008 is 70.6 percent. Many hedge funds and other investors had to sell shares or positions dissolve in order to remain solvent in the face of the credit crisis.

The October 27, 2008 marked the turning point of the descent. From the autumn of 2008, the HUI was back on the way up. On 8 April 2011 the index ended at 606.24 points, the first time the trade on the 600 -point mark. On 8 September 2011, the HUI marked with a final score of 635.04 points, an all time high. Since October 2008, the growth was 317.8 percent. Since early January 2001, the NYSE Arca Gold BUGS Index rose ( HUI ) is more than four times as strong as the Philadelphia Gold and Silver Index ( XAU). This is due to the fact that the price of gold has risen steadily since 2001, so that such gold producers, which do not carry forward sales, have greatly benefited more than gold producers who have sold their gold forward. From late 1996 until the end of 2000, the XAU lost but less than the HUI, since the forward sales of gold to mining companies brought better results in periods of falling gold prices.

On May 15, 2012, the HUI finished trading at 375.77 points. The loss since the all-time high on September 8, 2011 was 40.8 percent. On September 19, 2012, the NYSE Arca Gold BUGS Index closed at 525.84 points, up by 39.9 per cent higher than four months earlier.

With the decline in the gold price in 2013 and the HUI fell until the end of the year by more than 50 per cent to 197.70.

Highs

The overview shows the all-time highs of the NYSE Arca Gold BUGS Index.

Milestones

The table shows the milestones of the NYSE Arca Gold BUGS Index since 1996.

Annual development

The table shows the development of the NYSE Arca Gold BUGS Index since 1996.

Composition

The NYSE Arca Gold BUGS Index is composed of the following companies (as of December 20, 2013 ):