Topic: How To Invest

GLOBAL X COPPER MINERS ETF $9.36 – New York symbol COPX

GLOBAL X COPPER MINERS ETF $9.36 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Copper Miners Index, which includes 20 to 40 international companies that mine, refine or explore for copper. Germany-based Structured Solutions AG created this index.

Canadian firms make up 46.1% of the fund’s holdings. It also includes companies based in Australia (7.3%), Poland (4.3%), Peru (4.8%) and Mexico (4.4%). Global X Copper Miners ETF’s MER is 0.65%.

Its top 10 holdings are Capstone Mining at 5.5%; Freeport Copper, 5.7%; Vendanta Resources, 5.6%; Imperial Metals, 5.6%; Lundin Mining, 5.5%; Jiangxi Copper Company, 5.4%; First Quantum Minerals, 5.3%; Taseko Mines, 5.3%; Antofagasta plc, 5.2%; and Turquoise Hill Resources, 5.2%.

Copper prices have rebounded to $3.23 U.S. a pound from $3.05 in June 2013, though they are still down from a record $4.63 in early 2011. But over the longer term, improving demand and uncertain supply will likely push copper higher.

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

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