ETF holds top copper miners

Article Excerpt

GLOBAL X COPPER MINERS ETF $13.59(New York symbol COPX; buy or sell through brokers;www.globalxfunds.com) tracks the Solactive GlobalCopper Miners Index, which includes between20 and 40 international companies that mine,refine or explore for copper. Germany-basedStructured Solutions AG created this index.Canadian companies make up 43.3% of thefund’s holdings. It also includes companiesbased in Australia (7.9%), Poland (6.5%), Peru(5.6%) and the U.S. (5.4%). Global X CopperMiners ETF’s MER is 0.65%.Its top 10 holdings are Inmet Mining at 6.9%;KGHM Polska Miedz, 5.6%; Grupo Mexico,5.2%; Xstrata, 5.0%; Antofagasta plc, 5.0%;Southern Copper Corporation, 4.8%; Kazakhmys,4.8%; Jiangxi Copper Company, 4.8%;Hudbay Minerals, 4.8%; and Vendanta Resources,4.7%.Copper prices have risen to $3.70 U.S. apound from $3.25 in December 2011. Over thelonger term, improving demand and uncertainsupply will likely push copper higher.Global X Copper Miners ETF is a buy foraggressive investors who want to hold a copperETF. copperETF…