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Copper exchange-traded fund is planned by JPMorgan

Posted on 26 October 2010

From Bloomberg: JPMorgan Chase & Co., the second- biggest U.S. bank by assets, plans to introduce an exchange- traded fund for copper, seeking to benefit from increased investment demand for the metal used in pipes and wires.
Shares in the J.P. Morgan Physical Copper Trust will trade on the New York Stock Exchange “as soon as practicable”, the New York-based bank said in a filing to the Securities and Exchange Commission, without giving a precise date……………………………………….Full Article: Source


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