How Successful Investors Get RICH

Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' for FREE from The Successful Investor.

How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: How To Invest

GLOBAL X COPPER MINERS ETF $11.31 – New York symbol COPX

GLOBAL X COPPER MINERS ETF $11.31 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Copper Miners Index, which includes between 20 and 40 international companies that mine, refine or explore for copper. Germany-based Structured Solutions AG created this index.

Canadian companies make up 38.1% of the fund’s holdings. It also includes companies based in the U.S. (11.2%), Australia (8.8%) and Mexico (5.7%), Global X Copper Miners ETF’s MER is 0.65%.

Its top 10 holdings are Southern Copper Corporation at 5.9%, Lundin Mining, 5.8%; KGHM Polska Miedz, 5.7%, Antofagasta plc, 5.6%; Grupo Mexico, 5.6%; Freeport Copper, 5.5%; Jiangxi Copper Company, 5.2%; First Quantum Minerals, 5.2%; Xstrata, 4.8%; and Capstone Mining, 4.7%.

Copper prices have risen to $3.48 U.S. a pound from $3.25 in December 2012. Over the longer term, improving demand and uncertain supply will likely push copper higher.

Global X Copper Miners ETF is a buy for aggressive investors who want to hold a copper ETF.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.