|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's Range||21.75 - 22.00|
|52 Week Range||21.75 - 29.34|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.65%|
Increasing prices and decreased global supply have been factors helping to drive interest in copper investments, with the metal hitting a 4-1/2 year high in June. However, copper prices have slipped about 15% since hitting those multi-year highs, in response to concerns about the damage to global economic growth – amid the ongoing trade war between the United States and its partners.
Last night, China (FXI) announced tax and liquidity reforms which should mean your portfolio may need a facelift for the rest of the year. Specifically, China injected $74 billion into its banking system and cut local corporate taxes by almost another $1 billion. The Chinese state council spoke of “uncertainty”, clearly alluding to the potential trade war brewing. They also spoke of investments in infrastructure. So how should this change your portfolio in the next several months. Conclusion: You really shouldn’t go out and wholesale change your investment strategy. But are some of these beaten down Chinese equities and commodity plays worth a look for a small part of your portfolio? They are to me, as the risk reward just got a lot more compelling. Remember the art of investing is sometimes seeing around the next corner.
Copper demand might see an upward trend on strong economic data of its biggest consumer, China, and upbeat outlook for the global economy.
Copper is easily the most discussed industrial metal, but among mining exchange traded funds, the Global X Copper Miners ETF (NYSE: COPX ) often goes overlooked. COPX is nearly eight years old and has ...
For all the talk about slumping commodities prices against the backdrop of a weaker dollar, there is copper. One of the most widely watched commodities is surging this year. After climbing about 2 percent ...