U.S. Commodity Funds is cutting the management fee on its Copper Index Fund (CPER) by 31.5% to...

|By:, SA News Editor

U.S. Commodity Funds is cutting the management fee on its Copper Index Fund (CPER) by 31.5% to better compete against iPath's Pure Beta Copper ETN (CUPM). Both funds are tiny - less than $3M in assets (JJC is the gorilla in the sector) - but CPER is an ETF as opposed to the ETN structure of the other offerings.