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ETF Trends reported that Exchange traded funds (ETFs) investing in copper miners have been the best-performing ETFs the past week, gaining more than 20%.
ETF Trends reported that Exchange traded funds (ETFs) investing in copper miners have been the best-performing ETFs the past week, gaining more than 20%.
As quoted in the market news:
First Trust ISE Global Copper Index Fund (NASDAQ: CU) and Global X Copper Miners ETF (NYSEArca: COPX) have rallied more than 20% the past five trading sessions, outperforming metal prices. The ETFs invest in stocks.
The iPath Dow Jones- UBS Copper Sub-Index Total Return ETN (NYSEArca: JJC) is an exchange traded note designed to follow copper futures. The ETN has bounced the past week after hitting a new 52-week low in early October. The copper ETN is down about 26% year to date on worries over the global economic recovery and Europe’s debt fracas.
