Market Overview

U.S. Commodity Funds Cuts Expenses On Copper Fund (CPER, JJC)

Related JJC
Fast Money Picks For December 30: Constellation Brands, Best Buy, First Solar, Copper
Will Oil Trigger The Next Bear Market?
Are Copper ETFs Back on Track? - ETF News And Commentary (Zacks)
Related CPER
Twelve For '12: Commodities ETFs to Watch In The New Year
Five Single Commodity ETFs Your Broker Forgot to Mention
Are Copper ETFs Back on Track? - ETF News And Commentary (Zacks)

United States Commodity Funds, the ETF issuer behind the popular U.S. Oil Fund (NYSE: USO) and the U.S. Natural Gas Fund (NYSE: UNG), announced that it will pare the expense ratio on the U.S. Copper Fund (NYSE: CPER) to 0.65% from 0.95%.

That will make CPER the cheapest of the three copper exchange-traded products on the market, according to ETFdb. The iPath DJ-UBS Copper TR Sub-Index ETN (NYSE: JJC) and the iPath Pure Beta Copper ETN (NYSE: CUPM) both charge 0.75% per year.

CPER, which debuted in late 2011, had almost $2.4 million in assets under management at the close of markets on May 30. The fund tracks the SummerHaven Copper Index and its holdings are currently comprised of July and September copper futures.

CPER is down almost 3% year-to-date. Average daily volume for CPER is just 690 shares.

Posted-In: News Specialty ETFs New ETFs Futures Commodities Intraday Update Markets ETFs


Related Articles (CPER + CUPM)

Around the Web, We're Loving...

Get Benzinga's Newsletters