Global X launches its first commodity-focused ETF in Europe with copper miners fund

39 holdings

Global X ETFs has launched its first commodity-focused fund in Europe, offering investors exposure to copper miners globally.

Listed on London Stock Exchange and Deutsche Börse Xetra, Global X Copper Miners UCITS ETF tracks the Solactive Global Copper Miners v2 index. The launch comes following Global X's launch of seven new funds in Europe last week, which focused on themes such as cybersecurity and artificial intelligence. Available for a total expense ratio of 0.65%, the fund currently holds 39 stocks globally, with firms in Canada, Australia and the US comprising the top three countries respectively. Global X described copper as "a leading barometer for global economic health," and argued that inflati...