United States Commodity Funds announced this week that is is slashing expenses on its United States Copper Index Fund (CPER) from 0.95% annually to 0.65%. The move makes CPER the cheapest of the three commodity ETPs currently available to U.S. investors; both JJC and CUPM charge annual fees of 0.75%. JJC and CUPM are both ETNs offered by iPath, meaning that they are debt instruments whose performance is linked to an index consisting of copper futures contracts. CPER is structured as a commodity pool, meaning that the fund actually holds the futures contracts and does not feature credit risk (VelocityShares also offers a pair of 2x leveraged copper ETNs: SCPR and LCPR). Under The Hood: CPER CPER seeks to replicate the SummerHaven Copper Index Total Return, a benchmark that consists of either two or three copper futures contracts selected based on quantitative formulas. Specifically, the contracts held by CPER are [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs For Rising Copper Prices Copper ETFs In Focus: Five Ways To Play USCF Offers New Type Of Copper ETF (CPER) USCF Debuts Agriculture ETF (USAG) ETF Insider: Greek Woes Rattle Confidence
United States Commodity Funds announced this week that is is slashing expenses on its United States Copper Index Fund (CPER) from 0.95% annually to 0.65%. The move makes CPER the cheapest of the three commodity ETPs currently available to U.S. investors; both JJC and CUPM charge annual fees of 0.75%. JJC and CUPM are both ETNs offered by iPath, meaning that they are debt instruments whose performance is linked to an index consisting of copper futures contracts. CPER is structured as a commodity pool, meaning that the fund actually holds the futures contracts and does not feature credit risk (VelocityShares also offers a pair of 2x leveraged copper ETNs: SCPR and LCPR). Under The Hood: CPER CPER seeks to replicate the SummerHaven Copper Index Total Return, a benchmark that consists of either two or three copper futures contracts selected based on quantitative formulas. Specifically, the contracts held by CPER are [...]
Click here to read the original article on ETFdb.com.
Related Posts:
