🟢 Agnico Eagle ETF (AEME.TO) is trading 6.18% up today on concentrated Agnico Eagle exposure

AEME.TO is trading at CA$13.40 (+6.18%), primarily driven by its concentrated exposure to Agnico Eagle Mines.

• AEME’s exposure to Agnico Eagle Mines represents approximately 130.1% of holdings through leveraged equity exposure and covered-call positioning.
• Gold prices firmed near US$4,346.53; Middle East tensions and elevated bond-market volatility supported safe-haven demand.
• Agnico Eagle showed strong recent operating momentum, including record second-quarter free cash flow and higher shareholder returns; broader equities were only modestly higher, underscoring a gold-mining and precious-metals move rather than a broad-market rally.