Since Wednesday, a new exchange traded fund issued by Global X is tradable on Xetra and Börse Frankfurt.
The Global X Copper Miners UCITS ETF gives investors access for the first time to companies worldwide that profit from copper mining. To be included in the index, companies must generate at least 30 per cent of their current or expected sales from the mining and refining of copper or the exploration and research of copper deposits.
Up to 40 companies are included in the index, with the weighting of a stock limited to 4.75 per cent. Companies from the US, Canada, Australia, and Japan are most strongly represented.
|Name||Asset class||ISIN||On-going charges||Distribution policy||Reference index|
|Global X Copper Miners UCITS ETF||Equity ETF||IE0003Z9E2Y3||0.65 per cent||accumulating||Solactive Global Copper Miners v2 Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,745 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.