Bringing you live news and features since 2006 

United States Commodity Funds LLC launches United States Copper Index Fund (CPER)

RELATED TOPICS​

United States Commodity Funds has listed a new exchange traded commodity index fund, the United States Copper Index Fund, under the ticker CPER, on the New York Stock Exchange Arca.

The United States Copper Index Fund seeks to reflect the performance of a portfolio of copper futures contracts fully collateralised with three-month US Treasury Bills. The investment objective of CPER is for the daily changes in percentage terms of its units’ net asset value (NAV) to reflect the daily changes in percentage terms of the SummerHaven Copper Index, less CPER’s expenses. CPER issued units may be purchased and sold on the NYSE Arca.

United States Copper Index Fund’s target is a portfolio of copper futures contracts designed to be an investment benchmark for copper as an asset class. The Copper Index is composed of copper futures contracts on the Comex exchange. The Copper Index attempts to maximise backwardation and minimise contango while using contracts in the liquid portions of the futures curve.

Copper is a metal that has global and widespread uses across multiple industries. Copper futures contracts are one of the most actively traded of the metals futures contracts and serves as the single commodity in the Copper Index.
 

Latest News

Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..
First Trust has announced the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February GFEB..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by