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Commodities Briefing - Categorized | ETFs / ETCs, New Launches more

South Korea plans new copper ETF

Posted on 06 October 2011

South Korea’s metals stockpiling agency plans to launch a physical copper exchange-traded fund in the fourth quarter, the latest effort to create a simple-to-use vehicle for the metal that would appeal to a wide range of investors and the first of its kind in Asia.
The fund, to be listed on the Korean Exchange, would be managed by Korean asset-management company Mirae Asset MAPS Global Investments. If it is a success, Korea’s Public Procurement Service will roll out ETFs for other base metals such as aluminum, nickel and zinc……………………………………….Full Article: Source


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