BetaPro launches third copper ETF

By Staff | February 9, 2011 | Last updated on February 9, 2011
1 min read

Horizons BetaPro has announced the launch of the Horizons BetaPro COMEX Copper ETF, which the company says is North America’s first non-leveraged ETF offering exposure to daily price fluctuations in copper futures contracts.

“In our view, using an ETF linked to the return of copper futures is the most direct and efficient way to invest in copper,” said Howard Atkinson, president of BetaPro. “It is generally viewed that the economic recovery in the emerging markets such as China has led to increases in demand for this metal, which is an essential commodity for industrialization and electronics manufacturing.”

BetaPro launched two leveraged copper ETFs in June 2010, under its BullPlus and BearPlus models.

By investing in COMEX copper contracts, the ETF avoids the primary problem underlying ETFs that invest in physical holdings of base metals: the cost of storage. Storing precious metals is relatively inexpensive, but securely storing $100 million worth of copper requires a great deal more space. staff


The staff of have been covering news for financial advisors since 1998.