London, Nov. 24, 2021 (GLOBE NEWSWIRE) — International X ETFs, a number one world supplier of exchange-traded funds (ETFs), at present introduced the launch of the International X Copper Miners UCITS ETF (COPX) on London Inventory Alternate and Deutsche Börse Xetra. The fund can be International X’s first commodity-focused UCITS ETF to launch in Europe, including to the agency’s rising UCITS product line-up.
Copper is usually seen as a number one barometer for world financial well being. By February 2021, because the world started to emerge from the COVID-19 pandemic and economies began to reopen, copper had risen above $4.00/pound, almost doubling its March 2020 lows. With the reopening economic system totally underway, copper costs have held regular all through 2021. Optimism round copper stems from a number of components. Firstly, inflation has elevated copper costs because the steel is traditionally probably the greatest performing belongings throughout inflationary intervals. Secondly, structural demand drivers reminiscent of accelerating electrical automobile adoption, clear power and main world infrastructure spending are powering the copper market.
“Copper is beneficial for a variety of purposes together with development, industrial equipment, transportation, electrical era, and electronics. 2021 has confirmed to be a transformational 12 months for copper, and we have now a robust long-term outlook for copper demand pushed by tendencies poised to disrupt the worldwide economic system,” stated Morgane Delledonne, Director of Analysis, Europe. “Leveraging our experience in commodities ETFs within the U.S. market, International X is thrilled to supply European buyers a focused play on copper mining shares with COPX.”
With a administration price of 0.65%, COPX gives buyers entry to a broad vary of copper mining corporations around the globe. The fund tracks the Solactive International Copper Miners v2 index and can be part of International X’s current lineup of 12 UCITS ETFs within the European market.
Prospectuses and Key Investor Data Paperwork (KIIDs) for these ETFs can be found in English at www.globalxetfs.eu.
This info is just not supposed to be particular person or personalised funding or tax recommendation and shouldn’t be used for buying and selling functions. Please seek the advice of a monetary advisor or tax skilled for extra info concerning your funding and/or tax state of affairs.
Investing entails danger, together with the doable lack of principal.
Data offered by International X Administration Firm LLC (International X ETFs or International X).
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About International X ETFs
International X ETFs was based in 2008. For greater than a decade, our mission has been empowering buyers with unexplored and clever options. Our product lineup options greater than 80 ETF methods and over $40 billion in belongings underneath administration.[i] Whereas we’re distinguished for our Thematic Progress, Revenue and Worldwide Entry ETFs, we additionally provide Core, Commodity, Danger Administration, and Alpha funds to go well with a variety of funding goals. Discover our ETFs, analysis and insights, and extra at www.globalxetfs.eu.
International X is a member of Mirae Asset Monetary Group, a world chief in monetary providers, with greater than $620 billion in belongings underneath administration worldwide.[ii] Mirae Asset has an intensive world ETF platform ranging throughout the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $70bn in belongings underneath administration.[iii]
[i] International X, as of 19/11/21
[ii] Mirae Asset, as of June 2021
[iii] Mirae Asset, as of 18/10/21