Ready for a copper rebound

Article Excerpt

GLOBAL X COPPER MINERS ETF $8.80 (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 41.9% of the fund’s holdings. It also includes companies based in Australia (14.2%), Poland (4.7%), Peru (4.9%) and Mexico (5.0%). Global X Copper Miners ETF’s MER is 0.65%. Its top holdings are Imperial Metals at 6.5%; Turquoise Hill Resources, 5.7%; Grupo Mexico, 5.1%; Lundin Mining, 5.1%; Glencore International, 5.1%; First Quantum Minerals, 5.1%; Hudbay Minerals, 5.0%; Capstone Mining, 5.0%; Antofagasta plc, 5.0%; and Southern Copper, 5.0%. Copper prices are down from $3.75 U.S. a pound a year ago to $3.22 today, well below their record high of $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..