|Bid||0.000 x 1200|
|Ask||0.000 x 1000|
|Day's Range||16.946 - 17.008|
|52 Week Range||16.946 - 21.260|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.98%|
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.
Trade tensions, especially between the world’s two largest economies, have been taking a toll not only on the equity world but also on the commodity space. In fact, the escalating tit-for-tat tariff threats pushed the Bloomberg Commodity Index, which measures the returns on 25 raw materials down by 8.9% from the latest peak in late May.Source: Shutterstock
China is the top consumer of raw materials and the tariffs will slowdown growth in its economy hurting commodities. As such, we have highlighted few commodity ETFs that are feeling the brunt.
This week, investors took a pause from geopolitics despite a historic summit between the leaders of the U.S. and North Korea, turning their attention to the ETF market.
After touching a near four-year high in 2017, copper prices, along with related exchange traded products, have weakened this year, underperforming the broader commodities market. Copper prices have declined 5.9% in 2018, with Comex copper futures now trading around $3.121 per pound. The metal is now underperforming the benchmark S&P GSCI Index of 24 commodities by its widest margin over the last two decades, other than the start of 2016, reports Amrith Ramkumar for the Wall Street Journal.
OAKLAND, Calif., May 3, 2018 /PRNewswire/ -- USCF today announced it has launched the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund ("SDCI" or the "Fund") with SummerHaven Index Management LLC (SummerHaven), a Stamford, CT based index management firm that has developed indicies in the commodities space. The Fund, an actively managed exchange-traded fund (ETF), will use the SummerHaven Dynamic Commodity IndexSM as its benchmark, which is also the benchmark utilized by the firms' first collaboration, the United States Commodity Index Fund (NYSE Arca: USCI). SDCI seeks long-term total return.
Copper demand might see an upward trend on strong economic data of its biggest consumer, China, and upbeat outlook for the global economy.
Copper ETFs are rallying, with copper prices hitting their highest in almost four years, after China halted activities at its top producer in a bid to diminish winter pollution. On Wednesday, the iPath ...
OAKLAND, Calif., Dec. 1, 2017 /PRNewswire/ -- USCF has launched two new funds that make investing in private equity strategies available to investors of all budgets. The USCF SummerHaven SHPEI Index Fund (NYSE Arca: BUY) and the USCF SummerHaven SHPEN Index Fund (NYSE Arca: BUYN) seek to track newly developed indexes that are based on the research of Harvard Business School Professor, Erik Stafford.
OAKLAND, Calif., Sept. 26, 2017 /PRNewswire/ -- USCF today announced it has filed a registration statement for two exchange traded funds (ETFs) each of which will seek to track a newly launched index: the USCF SummerHaven Private Equity Strategy Index Fund (NYSE Arca: BUY) and the USCF SummerHaven Private Equity Natural Resources Strategy Index Fund (NYSE Arca: BUYN).
ETFdb.com analyzes the search patterns of our visitors each week. By sharing these trends with our readers, we hope to provide insights into what the financial world is concerned about and how to position your portfolio.