SEC authorizes copper-backed ETF by iShares

02/25/2013 | Reuters · Barron's (free content) · IndexUniverse.com

The Securities and Exchange Commission has approved a rule change allowing BlackRock's iShares to list an exchange-traded fund investing in copper on NYSE Arca. The iShares Copper Trust might buy as much as 121,000 tonnes of physical copper to back its shares. Major users of copper have warned that removing such a large amount from the market could inflate prices.

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Reuters · Barron's (free content) · IndexUniverse.com

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