We see one of these new ETFs as a buy

Article Excerpt

This month we highlight both a copper exchange traded fund from Horizons and a high-income ETF from Harvest Portfolio Group. HORIZONS COPPER PRODUCERS INDEX ETF $20.20 (Toronto symbol COPP) aims to track the Solactive North American Listed Copper Producers Index. This index invests in copper mining firms that are listed on select North American stock exchanges. Meanwhile, the ETF seeks to hedge any U.S. dollar portfolio exposure back to the Canadian dollar at all times. The ETF’s top holdings are Turquoise Hill Mining, Sothern Copper, Freeport-McMoRan, Filo Mining, Lundin Mining, First Quantum Minerals, Capstone Copper, Rio Tinto plc, Hudbay Minerals and BHP Group. The fund listed on May 17, 2022, and charges an MER of 0.65%. While the ETF’s gains will be heavily dependent on copper prices. it holds mostly high-quality, well-established producers. That cuts your risk. The Horizons Copper Producers Index ETF is a buy. HARVEST CANADIAN EQUITY INCOME LEADERS ETF $9.55 (Toronto symbol HLIF) invests in large companies and sells covered call options against the stock holdings. The ETF holds a portfolio…