Profit from rising copper

Article Excerpt

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. ETF…