Copper – Reuters reported that the US Securities and Exchange Commission has approved a rule change that will allow BlackRock Inc. (NYSE:BLK) to list a copper-backed exchange-traded fund on NYSE Arca. This step forward means BlackRock's ETF may be launched before that of JPMorgan Chase & Co. (NYSE:JPM).
Articles Tagged "JPM XF Physical Copper Trust"
The Commodity Investor examines the outlook for copper in 2013, encouraging investors to keep an eye out for JPMorgan's new physical copper ETF.
Copper – JPMorgan is preparing to launch its exchange-traded fund for physical copper after receiving regulatory approval in December. But detractors aren’t assuaged by the SEC’s view that the launch won’t lead to shortages, price increases and market manipulation.