Copper# Stock
y*r
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With this sluggish backdrop for the top consumer of copper, it shouldn’t be
too surprising to note that a trio of copper ETF options on the market have
been seeing weakness lately, and could continue to stumble in the weeks
ahead. Investors should definitely monitor these options, as they represent
easy ways for the average investor to tap into the copper market, and could
continue to see volatility in the months ahead should Chinese economic
picture remains cloudy:
iPath Dow Jones UBS Copper ETN (JJC - ETF report)
This ETN offers investors exposure to front month copper futures tracking
the Dow Jones UBS Copper Index. The note has just under $90 million under
management, while its expense ratio comes in at 75 basis points a year (see
all the Industrial Metal ETFs here).
The product is easily the most popular that is focused on the futures market
, though investors have a few other options to choose from such as CUPM.
Investors should also note that, as an ETN, JJC carries with it the credit
from of Barclays, though an ETN will have no tracking error.
JJC crumbled on Friday trading on elevated volume, plunging by 4.1% on the
day.
Global X Copper Miners ETF (COPX - ETF report)
This ETF represents an equity option for copper investors, tracking the
Solactive Global Copper Miners Index. This benchmark holds 25 stocks in its
basket, while it charges investors 65 basis points a year in fees for the
exposure.
Investors should note that the fund has a definite skew towards smaller
securities as large caps account for just one-third of the total. Meanwhile,
American firms make up just 5% of assets, leaving a third for Canada, 14%
for Australia, and 11% for the UK.
COPX tumbled by about 3.2% on Friday trading, slumping along with its
underlying metal (see all the Materials ETFs here).
First Trust ISE Global Copper Index Fund (CU - ETF report)
This copper mining ETF follows the ISE Global Copper Index for exposure,
tracking 25 companies across the globe. The fund uses an equal weight
methodology, giving roughly the same weights to each security in the
portfolio, while it charges investors 70 basis points a year in fees for the
exposure.
Large caps make up roughly 40% of assets in this fund, followed by about one
-third in mid cap stocks. U.S. copper miners make up just 7% of assets,
while Canada (32%) and the UK (20%) dominate from a country look.
This ETF fell about 3.5% in Friday trading, a relatively big loss compared
to the S&P 500’s flat performance for the session. - See more at: http://www.zacks.com/stock/news/125690/copper-etfs-tumble-on-china-growth-concerns#sthash.1JbxXuuo.dpuf
too surprising to note that a trio of copper ETF options on the market have
been seeing weakness lately, and could continue to stumble in the weeks
ahead. Investors should definitely monitor these options, as they represent
easy ways for the average investor to tap into the copper market, and could
continue to see volatility in the months ahead should Chinese economic
picture remains cloudy:
iPath Dow Jones UBS Copper ETN (JJC - ETF report)
This ETN offers investors exposure to front month copper futures tracking
the Dow Jones UBS Copper Index. The note has just under $90 million under
management, while its expense ratio comes in at 75 basis points a year (see
all the Industrial Metal ETFs here).
The product is easily the most popular that is focused on the futures market
, though investors have a few other options to choose from such as CUPM.
Investors should also note that, as an ETN, JJC carries with it the credit
from of Barclays, though an ETN will have no tracking error.
JJC crumbled on Friday trading on elevated volume, plunging by 4.1% on the
day.
Global X Copper Miners ETF (COPX - ETF report)
This ETF represents an equity option for copper investors, tracking the
Solactive Global Copper Miners Index. This benchmark holds 25 stocks in its
basket, while it charges investors 65 basis points a year in fees for the
exposure.
Investors should note that the fund has a definite skew towards smaller
securities as large caps account for just one-third of the total. Meanwhile,
American firms make up just 5% of assets, leaving a third for Canada, 14%
for Australia, and 11% for the UK.
COPX tumbled by about 3.2% on Friday trading, slumping along with its
underlying metal (see all the Materials ETFs here).
First Trust ISE Global Copper Index Fund (CU - ETF report)
This copper mining ETF follows the ISE Global Copper Index for exposure,
tracking 25 companies across the globe. The fund uses an equal weight
methodology, giving roughly the same weights to each security in the
portfolio, while it charges investors 70 basis points a year in fees for the
exposure.
Large caps make up roughly 40% of assets in this fund, followed by about one
-third in mid cap stocks. U.S. copper miners make up just 7% of assets,
while Canada (32%) and the UK (20%) dominate from a country look.
This ETF fell about 3.5% in Friday trading, a relatively big loss compared
to the S&P 500’s flat performance for the session. - See more at: http://www.zacks.com/stock/news/125690/copper-etfs-tumble-on-china-growth-concerns#sthash.1JbxXuuo.dpuf
