An easy way to hold copper

Article Excerpt

GLOBAL X COPPER MINERS ETF $19.21 (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. Global X Copper Miners ETF came out in April 2010 in response to strong investor interest in copper stocks. Although it’s a recent new issue, Global X Copper Miners ETF holds only well-established copper miners. Canadian-based companies make up 47% of the fund’s holdings. It also includes companies based in the U.S. (9.7%) and Australia (7.9%), Global X Copper Miners ETF’s MER is 0.65%. Its top 10 holdings are First Quantum Minerals at 5.7%; KGHM Polska Miedz, 5.3%; Xstrata plc, 4.9%; Ivanhoe Mines, 4.9%; Inmet Mining, 4.9%; Grupo Mexico, 4.9%; Jiangxi Copper, 4.8%; Vendanta Resources, 4.7%; Equinox Minerals, 4.7%; and Kazakhmys plc, 4.7%. Global X Copper Miners ETF is a buy for aggressive investors who want to hold a..