First Trust Plans Copper, Platinum ETFs

ETF issuer First Trust plans to launch a copper ETF and a platinum ETF. The First Trust ISE Global Copper Index Fund and the First Trust Global ISE Platinum Index Fund will be listed on the Nasdaq and track equities, not the underlying commodity.

The ETFs will hold miners, materials and refining companies and we can assume that the copper ETF will hold companies like Freeport McMoRan (NYSE: FCX), the largest U.S. copper producer, though investors should note that is speculation as First Trust did not confirm any of the ETF's future holdings.

First Trust also said it will debut the First Trust BICK Index Fund, which will track Brazil, China, India and South Korea stocks. That ETF will also trade on the Nasdaq under the ticker "BICK."

Expense ratios are believed to be 0.70% for each ETF.