To further differentiate our Ubika Indexes, Ubika is transitioning into a new base-metals index. The previous Metals Index was similar to the S&P Global Mining Index, however, its performance was muted due to the high variability of its constituents. For example, the previous Ubika Mining 20 Index had copper, zinc, diamonds, gold, lithium, platinum, rare metals, silver, and uranium leverage. The issue at hand was the index traded with little traceable context to price movements in any commodity. For instance, with respect to the performance of the Index since the last report date, a significant upward movement in Copper Mountain, Taseko, Lithium Americas, were offset by a significant negative performance in the two diamond companies, Lucara and Stornoway and the silver developer, Bear Creek Mining. The net result was an index with too many moving parts that moved with different market forces.
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The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
