Cautious investors are holding back from copper ETCs despite the metal reaching record prices, according to providers.
Copper trading on the London Metal Exchange pushed past the $10,000 a tonne mark on Friday 4 February, reaching all-time highs of around $10,150 on Monday 7th. Despite this ETF Securities, which launched the world's first physically-backed copper ETC in December, says it has not seen a significant spike in interest. The company's futures-based ETFS Copper hit its highest NAV since inception last Monday, but has not generated particularly high trading volumes. Barclays' iPath DJ-UBS Copper Subindex TR ETN was also trading at its highest ever price on 7 February, but is showing volume...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes