Q: COPP.TO (Global X Canada) COPP (Sprott ETF in USA) COPX (Horizon Global X USA) - Do you have any preference for a Canadian resident who wants to invest in a diversified copper ETF? Do you have an alternative suggestion to these ones? Both the COPP (Sprott US) and COPX (Horizon US) are treated as US situ property with respect to Estate taxes.
5i Research Answer:
COPX is out favourite ETF for copper exposure. The funds listed would be the main ones as the field of ETFs is somewhat limited. We are fine with COPP.TO's strategy if one is looking for a CAD denominated investment, however the fee is quite high. Since COPP.TO's recent inception, it has outperformed the other two funds so there is some appeal there despite the fee.