If the price of copper tumbles, so too will the ETF. Investing in just one sector can limit your upside and overall diversification.Ĭopper ETFs usually trade in sympathy with the price of copper futures. Some will even pay a distribution to shareholders for added cash flow.Īs the demand for copper in production rises, copper mining stocks and ETFs should rise as well. Are Copper ETFs a Good Investment?Ĭopper ETFs and other precious metal funds can be a great way to diversify your portfolio and hedge against inflation and market volatility.ĮTFs provide exposure to a basket of stocks or copper futures contracts. This broker offers mobile and online trading and has low ETF trading fees of $6.95 and as low as $4.95 for active traders. VISIT Wealthsimple Read review CIBC Investor’s EdgeĬIBC is the first of the major banks in Canada to offer lower trading fees, particularly for younger investors and students. You get a $50 trading fee credit when you deposit $1,000 or more. Questrade also offers stocks, bonds, mutual funds, options, and many other investment assets. It also provides lower trading fees and free purchase orders for ETFs but has a minimum fee of $4.95 when you want to sell them. Questrade is Canada’s best discount brokerage and has been in operation for over 20 years. How To Buy Copper ETFs in Canada in 2023Ĭopper ETFs can be easily bought on one of Canada’s excellent discount brokerage platforms or stock trading apps. PICK has a semi-annual distribution yield of 5.79% and a reasonable MER of 0.39%. It invests in companies like Rio Tinto (RIO), BHP Group (BHP), and Nucor Corp (NUE). This ETF holds a wide range of precious metal miners, and copper miners make up 9.8% of the holdings. PICK is a Blackrock iShares ETF that is listed on the BATS exchange and is traded in US Dollars.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |