First Trust has plans to launch a pair of new exchange traded funds (ETFs) focusing on the precious metals platinum and copper. The funds will track a basket of equities instead of being physically backed by the metals.
First Trust is getting ready to launch a couple of ETFs focusing on platinum and copper, which will track the First Trust ISE Global Copper Index Fund and the First Trust Global ISE Platinum Index Fund. [Why the timing is good.]
The ETF Professor on Benzinga reports that the ETFs will hold miners, materials and refining companies. There’s no word just yet on specific components in the funds. [Are base metals on pause?]
Expense ratios are believed to be 0.70% for each ETF.
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