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Etftrends reports that the index provider behind a broad commodity exchange traded fund (ETF) has recently launched a copper index.
Etftrends reports that the index provider behind a broad commodity exchange traded fund (ETF) has recently launched a copper index.
The market news is quoted as saying:
At the moment, there’s no futures-based copper ETF. If one were to launch, it would come at a time of fast-rising popularity for the base metal. The index will seek to mitigate the negative effects of contango in the market, a recent concern about commodity ETFs that own futures.