Bringing you live news and features since 2006 

Global X ETFs launches copper miners UCITS ETF (COPX)


ETF issuer Global X ETFs has launched the Global X Copper Miners UCITS ETF (COPX) on London Stock Exchange and Deutsche Börse Xetra. 

The fund will be Global X’s first commodity-focused UCITS ETF to launch in Europe, adding to the firm’s growing UCITS product line-up.

Global X writes that copper is often seen as a leading barometer for global economic health. By February 2021, as the world began to emerge from the COVID-19 pandemic and economies started to reopen, copper had risen above USD4.00/pound, nearly doubling its March 2020 lows. 

With the reopening economy fully underway, copper prices have held steady throughout 2021. Optimism around copper stems from several factors. Firstly, inflation has increased copper prices as the metal is historically one of the best performing assets during inflationary periods. Secondly, structural demand drivers such as accelerating electric vehicle adoption, clean energy and major global infrastructure spending are powering the copper market.

“Copper is useful for a wide range of applications including construction, industrial machinery, transportation, electric generation, and electronics. 2021 has proven to be a transformational year for copper, and we have a strong long-term outlook for copper demand driven by trends poised to disrupt the global economy,” says Morgane Delledonne, Director of Research, Europe. “Leveraging our expertise in commodities ETFs in the US market, Global X is thrilled to provide European investors a targeted play on copper mining stocks with COPX.”

With a management fee of 0.65 per cent, COPX provides investors access to a broad range of copper mining companies around the world. The fund tracks the Solactive Global Copper Miners v2 index and will join Global X’s existing lineup of 12 UCITS ETFs in the European market.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
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..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
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...
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...
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