Indexed gold stocks (no hedge). A popular chart is to compare the price of gold with this index. The search for abbreviations yielded 7 meanings. Hui Chen is Nomura Professor of Finance and Professor of Finance at MIT's Sloan School of Management.
Lindner College of Business 2906 Woodside Drive P.O. Box 210020 Cincinnati, OH 45221.The main difference between them is that the HUI index only takes into account the stocks of gold producers, while the XAU index includes both gold and silver producers. Investors use the HUI-Gold ratio to illustrate the ever-changing relative strength of gold stocks versus gold. The HUI-Gold ratio is an expression that compares the relative amounts of the NYSE Gold BUGS index and the price of gold.
The HUI Index and the Philadelphia Gold and Silver Index (XAU) are the two most watched gold indices in the market.