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A Reinforced Base Metal ETF

Posted on 07 August 2014

While the everyone is busy scrambling in the equities space, base metals and related exchange traded funds are rising on demand for industrial metals and declining inventories of zinc and aluminum.
The PowerShares DB Base Metals Fund, which evenly splits its portfolio with aluminum, copper and zinc futures, has gained 4.2% over the past month and increased 12.3% over the last three months. LME aluminum futures were trading around $2,029 per metric ton. The iPath Dow Jones-UBS Aluminum Subindex Total ReturnSM ETN is up 5.0% over the past month and up 13.8% over the last three months………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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