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Will there be a physically-backed copper ETF?

Posted on 24 July 2012

In the highly controversial and anticipated launch of the first physically-backed copper exchange traded fund, the U.S. Securities and Exchange commission is extending the consultation period for the new copper ETF offering.
After opposition escalated in the week ahead of lastThursday’s ruling deadline, SEC regulators asked JP Morgan Chase, the company that has filed for the new JPM XF Physical Copper Trust, copper fabricators and hedge funds, who oppose the creation, to weigh the merits of such a physically-backed copper ETF, reports Josephine Mason for Reuters………………………………………..Full Article: Source


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