How Do You Buy Copper Etfs?
Copper is an essential industrial metal. It has numerous applications in construction, such as in tubing and wiring. It is also an important part of the circuit boards, integrated circuits and chips used in computers. As such, it is sometimes used as a barometer for economic activity. Exchange traded funds (ETFs) trade like stocks, but are actually shares of an investment fund that holds copper futures contracts. Step 1 Use the pure play. The true copper pure play ETF is UBS’ iPath Copper fund, trading under the ticker JJC. The fund is designed to mimic the Dow Jones-AIG Copper Total Return Sub-Index through high grade copper futures contracts. JJC trades on the New York Commodities Exchange (COMEX). Step 2 Buy other copper exposed ETFs. In addition to the pure copper ETF, there are two exchange traded funds that afford exposure to the price of copper. The PowerShares DB Base Metals, trading as DBB, is one-third copper. The remaining two-thirds are divided evenly amongst aluminum and z
