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First Trust ISE Global Copper Index ETF (CU)

- NASDAQ
  • Dec. 22, 2010, 7:16 AM
    A mystery trader holds 80-90% of the copper in London warehouses, a stake worth ~$3B and equal to roughly 50% of the world's exchange-registered stockpile. Copper's not the only metal where single traders are getting aggressive, and investors are worried.
    | 5 Comments
  • Dec. 10, 2010, 8:19 AM
    In echoes of 2008, commodities, many at multi-year or all time highs, appear to be an accepted asset class. "We are seeing investors flock to commodity resources," notes an analyst, "that pattern will continue regardless if prices move higher or lower." If they move lower?
    | 6 Comments
  • Dec. 7, 2010, 7:39 AM
    It turns out the mystery buyer of more than $1B of copper is JPMorgan (JPM). Though the revelation has alleviated some concerns that a single trader was trying to corner the market, investors are still worried about an impending supply shortage. Copper futures +2.5%.
    | 2 Comments
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CU Description
The First Trust ISE Global Copper Index Fund is an exchange-trade fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the ISE Global CopperTM Index.
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