Global X Copper Miners ETF (WIRE)
This is a new ETF is a pureplay exposure to copper miners, just launched on 23 November, so there is no track record and AUM is very low at the outset. Base seeding price is $10 a unit. Management fees set at 0.65%pa
WIRE provides access to a global basket of copper miners which stand to benefit from being a key part of the value chain facilitating growth in major areas of innovation such as technology, infrastructure and clean energy. The benchmark is Solactive Global Copper Miners Total Return Index (SOLGLOCO)
Further info can be found at https://www.globalxetfs.com.au/funds/wire/
A list of the top holdings at instigation of the ETF (full holdings can be seen at the website):
| Net Assets (%) | Name | SEDOL | Market Price (Local) | ||
|---|---|---|---|---|---|
| 5.23 | FIRST QUANTUM | 2347608 | 31.20 | ||
| 5.16 | FREEPORT-MCMORAN | 2352118 | 38.04 | ||
| 5.10 | ANTOFAGASTA PLC | 0045614 | 13.49 | ||
| 4.96 | ZIJIN MINING-H | 6725299 | 9.64 | ||
| 4.94 | IVANHOE MINES LT | BD73C40 | 11.05 | ||
| 4.87 | SOUTHERN COPPER | 2823777 | 59.35 | ||
| 4.81 | KGHM | 5263251 | 115.40 | ||
| 4.78 | BHP GROUP LTD | 6144690 | 43.92 | ||
| 4.77 | LUNDIN MINING CO | 2866857 | 8.13 | ||
| 4.61 | GRUPO MEXICO-B | 2643674 | 74.70 | ||
| 4.57 | SUMITOMO MET MIN | 6858849 | 4,494.00 | ||
| 4.49 | GLENCORE PLC | B4T3BW6 | 5.30 | ||
| 4.46 | OZ MINERALS LTD | 6397825 | 27.45 | ||
| 4.27 | TURQUOISE HILL R | BMQBP61 | 31.67 | ||
| 4.26 | BOLIDEN AB | BL54C29 | 371.00 | 2,046 | 107,866 |
| 4.09 | TECK RESOURCES-B | 2879327 | 45.85 | 2,030 | 103,497 |
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