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Andrew Chanin is the co-founder and COO of PureFunds. Previously he worked in the prop trading unit of Cohen Capital Group specializing as an ETF Arbitrage trader. He began his career on the American Stock Exchange for Kellogg Capital Group. Chanin has made markets in over 100 ETFs, and this experience has provided him with a vast knowledge of all varieties of ETF products. Chanin holds a Bachelor of Science in Management degree in finance from Tulane University.
Follow the Beta Plays with Junior Silver Miners: PureFunds' Andrew Chanin (8/28/13) PureFunds has a simple strategy: Be first in the market with innovative exchange-traded funds. Andrew Chanin, PureFunds' co-founder and COO, describes the firm's ISE Junior Silver ETF and the factors that make a "leveraged play to the actual spot price of the metal." In this interview with The Gold Report, Chanin goes on to list some of the names included in the fund and explains how they contribute to its success.
"EXN's operating cost is ~$20/oz silver, so if the silver price increases, the stock could bounce back very quickly." (8/28/13) Excellon Resources Inc. - The Gold Report Interview with Andrew Chanin Moreá>
"We are very excited about SVB; anytime you don't have to move tons of earth to get to the shiny stuff, it's a very good situation." (8/28/13) Silver Bull Resources Inc. - The Gold Report Interview with Andrew Chanin Moreá>
"Metallurgical testing on MKA's REE deposit in Malawi suggests that it should be fairly easy to process with relatively high rates of recovery." (7/28/14) Mkango Resources Ltd. - The Gold Report Interview with Paul Renken Moreá>