Two New ETFs from Global X Offer Investors Silver, Copper Miner Plays
Wednesday, April 21st, 2010Tom Lydon submits:
Adding to the growing available ETF selection, Global X, a fund provider more notably known for its line of ETFs targeting specific industries in emerging markets, will launch two new funds focused on global copper mining and silver mining companies.
The Global X Copper Miners ETF (COPX) and the Global X Silver Miners ETF (SIL) both began trading yesterday morning. Global X CEO Bruno del Ama says that these funds round out the spectrum on which investors can play metals. On one side is gold, which is almost purely a precious metal. Silver has uses on both the precious metal and industrial side, and copper is almost exclusively an industrial metal.
