ETF Spotlight: December 2011
Each month, we highlight an ETF flying under the radar of most investors that offers exposure to a unique asset class or investment strategies. This month, we take a closer look at an intriguing commodity producers ETF. The Global X Copper Miners ETF (COPX) is an appealing equity fund that is designed to provide investors with exposure to one of the most useful metals in the world through a basket of globally selected “pure play” copper mining companies.
Equity markets have hit yet another roadblock after staging a convincingly strong comeback in October. Just when investors thought they were out of the woods, resurfacing Italian debt woes brought back the clouds of uncertainty, sending waves of fear and panic selling across virtually every corner of the market. The story at home isn’t much different, as the political gridlock in Washington D.C. has proven to be a major headwind for restoring stability and confidence back in the markets. Nonetheless, the U.S. economy continues to advance at a slow and steady pace, posting positive GDP growth, and showing signs of recovery in both the housing and labor markets. Investors who are bullish on America’s insatiable appetite for goods from the manufacturing behemoth that is China, may find the Global X offering profiled below appealing; COPX could serve as a tactical holding for those who wish to favorably position themselves as the global economic recovery gains momentum.
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