"So I'm simply buying an ETF comprising a bunch of global copper producers (ASX code: WIRE). That gives me the copper bang for my buck that I'm after, while at the same time amortising the operating and sovereign risk over a range of companies."
Hi Madamswer,
I am genuinely curious to know what has changed your mind on WIRE as a copper play. These were your thoughts back in November:
" I did have a look at the composition of that ETF and I'm afraid that steak doesn't quite have the sizzle I'm after; a full 50% of its weighting is represented by 10 of the largest miners/commodity houses (including the likes of Glencore, Sumitomo and BHP, none of which are close to pure copper miners) along with many of the others in the list:"
"Then there's also the likelihood of most that lot being relatively fully valued, given they are all large, and known to global commodity investors."
Given the composition of the ETF holdings remain quite similar today, has this investment thesis only become more attractive as a compromise based on a realisation that there really is no better alternative?
"So I'm simply buying an ETF comprising a bunch of global copper...
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Last
$43.27 |
Change
-0.150(0.35%) |
Mkt cap ! $220.4B | |||
| Open | High | Low | Value | Volume |
| $43.42 | $43.50 | $43.25 | $85.13M | 1.962M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 7844 | $43.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.28 | 2623 | 25 |
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| Last trade - 12.28pm 08/05/2024 (20 minute delay) ? |
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Last
$43.36 |
Change
-0.150 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| $43.45 | $43.50 | $43.25 | 398297 | ||
| Last updated 12.45pm 08/05/2024 ? | |||||
| BHP (ASX) Chart |