Global X ETFs Launches Copper Miners UCITS ETF (COPX) as the Firm’s First Commodity-Focused Fund in Europe

London, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Global X ETFs, a leading global provider of exchange-traded funds (ETFs), today announced the launch of the Global X Copper Miners UCITS ETF (COPX) on London Stock Exchange and Deutsche Börse Xetra. The fund will be Global X’s first commodity-focused UCITS ETF to launch in Europe, adding to the firm’s growing UCITS product line-up.

Copper is often seen as a leading barometer for global economic health. By February 2021, as the world began to emerge from the COVID-19 pandemic and economies started to reopen, copper had risen above $4.00/pound, nearly doubling its March 2020 lows. With the reopening economy fully underway, copper prices have held steady throughout 2021. Optimism around copper stems from several factors. Firstly, inflation has increased copper prices as the metal is historically one of the best performing assets during inflationary periods. Secondly, structural demand drivers such as accelerating electric vehicle adoption, clean energy and major global infrastructure spending are powering the copper market.

“Copper is useful for a wide range of applications including construction, industrial machinery, transportation, electric generation, and electronics. 2021 has proven to be a transformational year for copper, and we have a strong long-term outlook for copper demand driven by trends poised to disrupt the global economy,” said Morgane Delledonne, Director of Research, Europe. “Leveraging our expertise in commodities ETFs in the U.S. market, Global X is thrilled to provide European investors a targeted play on copper mining stocks with COPX.”

With a management fee of 0.65%, COPX provides investors access to a broad range of copper mining companies around the world. The fund tracks the Solactive Global Copper Miners v2 index and will join Global X’s existing lineup of 12 UCITS ETFs in the European market.

Prospectuses and Key Investor Information Documents (KIIDs) for these ETFs are available in English at www.globalxetfs.eu.

This information is not intended to be individual or personalised investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.

Investing involves risk, including the possible loss of principal.

Information provided by Global X Management Company LLC (Global X ETFs or Global X).

This material has been approved as a financial promotion, for the purposes of section 21 of the Financial Services Market Act 2000 (FSMA), by Resolution Compliance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN:574048).

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features more than 80 ETF strategies and over $40 billion in assets under management.[i] While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, Risk Management, and Alpha funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.eu.

Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $620 billion in assets under management worldwide.[ii] Mirae Asset has an extensive global ETF platform ranging across the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $70bn in assets under management.[iii]

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[i] Global X, as of 19/11/21

[ii] Mirae Asset, as of June 2021

[iii] Mirae Asset, as of 18/10/21

CONTACT: Matt Rogers JPES Partners 44 (0)20 7520 7620 matt.rogers@jpespartners.com