China, the world’s second largest economy, has been grappling with weaker growth, raising concerns over its ability to maintain previous levels of demand for raw materials, like copper.
Related: Commodities ETFs to Consider
Another beneficiary of rising copper prices is the iShares MSCI Chile Capped ETF (NYSEArca: ECH). ECH, the lone ETF dedicated to tracking equities in the world’s largest copper-producing country. Although Chile is viewed by some market observers as the most advanced and open South American economy and it is undeniably home to Latin America’s highest sovereign credit rating (AA-), there is also no denying the country’s dependence on copper exports as a driver of government revenue.
The lone Chile ETF is down 3.6% over the past month.
For more information on Currency ETFs, visit our Currency-Hedged category.
iPath Dow Jones-UBS Copper Subindex Total Return ETN