Copper ETPs see high inflows

The firm says ETFS Copper had record inflows of $29m last week, fuelled by fresh optimism on the state of the Eurozone financial system, along with positive corporate earnings. ETFS Copper is an exchange-traded commodity (ETC) tracking the DJ-UBS Copper sub-index, on a total return basis. The ETC is a debt security, which gains commodity exposure via third-party commodity contract issuers, whose obligations are secured with collateral covering 100% of the outstanding value. ETFS says investors are seeking exposure to cyclically-linked investments as confidence in a global economic rec...