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Horizons Copper Producers Index ETF
Symbol COPP
Shares Issued 200,001
Close 2022-05-20 C$ 25.85
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FP says Horizons Copper Producers is a bet on copper

2022-05-20 09:08 ET - In the News

The Financial Post reports in its Friday, May 20, edition that Horizons ETFs Management (Canada) has launched the Horizons Copper Producers Index ETF, which is Canada's first exchange traded fund indexed to a bundle of copper miners. The Post's Gabriel Friedman writes that as the energy transition unfolds, and some of the world's largest economies set targets to reduce the use of fossil fuels, demand for copper, one of the main metals used in wires, is expected to surge. The Horizons Copper Producers Index ETF, which started trading on the Toronto Stock Exchange this week, has a management fee of 0.65 per cent. It is indexed to 15 North American mining companies, including big diversified producers such as BHP Group and Rio Tinto and companies that focus on copper, including Freeport-McMoRan. The Post says Horizons ETF chief executive officer Steve Hawkins is marketing the ETF as a bet on the energy transition, since the "greening of the planet cannot occur without copper." Mr. Hawkins acknowledges that some of the miners in the new ETF have a mixed record on the environment, but he points out that copper is nonetheless critical to the energy transition. He adds, "Investors are asking for exposure to copper."

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