copper prices

We think conservative investors can hold up to 10% of their portfolios in foreign stocks. One way to do that is by choosing exchange-traded funds (ETFs) with an overseas focus.


The best of those funds continue to offer very low management fees and well-diversified, tax-efficient portfolios of high-quality stocks.


Here’s a look at four international ETFs we see as buys, and two we feel you should continue to hold.


ISHARES MSCI EMERGING MARKETS INDEX FUND $47.90 (New York symbol EEM; buy or sell through brokers) aims to track the MSCI Emerging Markets Index.


The fund’s geographic breakdown follows: China, 29.8%; South Korea, 15.0%; Taiwan, 11.6%; India, 8.1%; Brazil, 7.4%; South Africa, 6.7%; Russia, 3.6%; Mexico, 2.9%; Malaysia, 2.5%; Thailand, 2.4%; Indonesia, 2.1%; and Poland, 1.2%.


Its top stocks are Tencent Holdings (China: Internet), 5.4%; Samsung Electronics (South Korea ), 4.6%; Alibaba Group (China: e-commerce), 3.8 %; Taiwan Semiconductor (computer chips), 3.7%; Naspers (South Africa: media and Internet ), 1.9%; China Construction Bank, 1.6%; Industrial & Commercial Bank of China, 1.2%; China Mobile, 1.20%; Baidu (China: Internet ), 1.1%; and Ping An Insurance Group (China), 1.0%.


iShares launched the ETF on April 7, 2003....
AMERIGO RESOURCES $1.14 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www. amerigoresources.com; Shares outstanding: 176.3 million; Market cap: $201.0 million; No dividends paid) processes copper and molybdenum from the waste rock of the El Teniente mine in Chile....
A: NovaGold Resources Inc., $4.90, symbol NG on Toronto (Shares outstanding: 321.8 million; Market cap: $1.6 billion; www.novagold.com), hopes to bring into production its 50% Donlin gold project in Alaska and its 50%-held Galore Creek copper/gold project in northwestern B.C.

NovaGold’s main focus is the Donlin project....
GLOBAL X COPPER MINERS ETF $27.76 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Copper Miners Index, which includes 20 to 40 global firms that mine and explore for copper. Germany-based Structured Solutions AG created the index in April 2010.

Canadian firms make up 30.6% of the ETF’s holdings....
We think conservative investors can hold up to 10% of their portfolios in foreign stocks. One way to do that is by choosing exchange-traded funds (ETFs) with an overseas focus.

The best ETFs continue to offer very low management fees and well-diversified, tax-efficient portfolios of high quality stocks....
A: Western Copper & Gold Corp., $1.16, symbol WRN on Toronto (Shares outstanding: 94.4 million; Market cap: $115.0 million; www.westerncoppercorp.com), owns the Casino project in the Yukon. The mining site is Western Copper’s sole asset....
HECLA MINING $5.03 (New York symbol HL; TSINetwork Rating: Extra Risk) (208-769-4100; www.heclamining. com; Shares outstanding: 399.0 million; Market cap: $2.0 billion; Dividend yield: 0.2%) explores for, mines and processes both silver and gold in the U.S., Canada and Mexico.

Most of the company’s silver output comes from three sites: the Greens Creek mine in Alaska; the Lucky Friday project in Idaho; and the San Sebastian mine in Mexico....
GLOBAL X COPPER MINERS ETF $25.84 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Copper Miners Index, which includes 20 to 40 global firms that mine and explore for copper. Germany-based Structured Solutions AG created the index in April 2010.

Canadian firms make up 29.9% of the ETF’s holdings....
We think conservative investors can hold up to 10% of their portfolios in foreign stocks. One way to do that is by choosing exchange-traded funds (ETFs) with an overseas focus.

The best ETFs continue to offer very low management fees and well-diversified, tax-efficient portfolios of highquality stocks.

Here’s a look at four international ETFs we see as buys, and two we feel you should continue to hold.

ISHARES MSCI EMERGING MARKETS INDEX FUND $44.86 (New York symbol EEM; buy or sell through brokers) aims to track the MSCI Emerging Markets Index.

The fund’s geographic breakdown includes China, 28.9%; South Korea, 14.6%; Taiwan, 11.8%; India, 8.5%; Brazil, 7.3%; South Africa, 6.4%; Mexico, 3.6%; Russia, 3.1%; Indonesia, 2.3%; Malaysia, 2.2%; Thailand, 2.1%; and Poland, 1.3%.

Its top holdings are Tencent Holdings (China: Internet), 4.7%; Samsung Electronics (South Korea), 4.1%; Alibaba Group (China: e-commerce), 3.9%; Taiwan Semiconductor (computer chips), 3.5%; Naspers (South Africa: media and Internet), 2.0%; China Construction Bank, 1.5%; China Mobile, 1.4%; Hon Hai Precision (Taiwan), 1.2%; Baidu (China: Internet), 1.2%; and Industrial & Commercial Bank of China, 1.1%.

iShares launched the ETF on April 7, 2003....
GLOBAL X COPPER MINERS ETF $21.22 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Copper Miners Index, which includes 20 to 40 global firms that mine and explore for copper. Germany-based Structured Solutions AG created the index in April 2010.


Canadian firms make up 37.3% of the ETF’s holdings....