iShares Also Planning Physical Copper ETF

By: ETFdb
With the U.S. dollar plummeting, resource-hungry emerging markets racing ahead, and concerns over inflation beginning to pop up, hard assets have been red hot. And ETF issuers are seemingly taking notice, coming up with creative ways to offer investors exposure to natural resources. Just days after JPMorgan filed papers with the SEC detailing plans for a physically-backed copper ETF, iShares has followed suit. The company recently filed papers for the iShares Copper Trust, which would invest in physical copper to be stored in warehouses in the U.S. and potentially other locations around the globe. The Bank of New York Mellon was named as the trustee of the proposed trust while Metro International Trade Services LLC would serve as the custodian. Currently, the only physically-backed commodity products available to U.S. investors focus on precious metals, including gold, silver, platinum, and palladium. iShares offers the second-largest gold ETF (IAU) and largest silver [...] Click here to read the original article on ETFdb.com. Related Stories: JPMorgan Plans Physically-Backed Copper ETF ETF Securities Planning Precious Metal Basket ETF ETFS Rolls Out Physical Precious Metals Basket ETF (GLTR)
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