New Copper ETF Tweaked; Global ETF Starts Trading
February 1st, 2011 at 1:00am by Tom Lydon
It’s only Tuesday, but the exchange traded fund (ETF) industry is already gearing up for yet another busy week.
Although there is not a ticker symbol or expense ratio revealed, the latest paperwork for JPMorgan‘s physically-backed copper ETF implies the fund is designed to give investors exposure to the spot price of copper, a metal that’s seeing increasing demand as emerging economies such as China and India develop their infrastructure, Steve Dew for Index Universe reports. [New ETFs: Sectors, Volatility, and a Global Approach.]
Meanwhile, Pax World is launching its second ETF. It’s a fund focused on companies outside of North America that meet its social, environmental and governance screens. Steve Dew and Oliver Ludwig for Index Universe reports that the Pax MSCI EAFE ESG Index ETF (NYSEArca: EAPS) will be based on MSCI EAFE ESG Index and have an expense ratio of 0.55%. [New First Trust ETFs Play With Indexing.]
Tisha Guerrero contributed to this article.
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