COPG

Global X Copper Miners UCITS ETF (COPG) is an accumulating UCITS equity ETF listed on the London Stock Exchange that offers concentrated exposure to companies principally engaged in the mining, development and processing of copper. The fund aims to replicate a copper-miners benchmark by holding a basket of global copper-mining and related resource equities across developed and emerging markets, delivering equity exposure to the copper value chain rather than to the physical metal. Returns are driven primarily by copper prices and by company-level mining outcomes such as production volumes, operating costs, reserve discoveries and capital expenditure. Thematic demand from electrification and renewable infrastructure can be a long-term catalyst. Key risks include high single-sector concentration, commodity-price volatility, operational and regulatory mining risks, and country/currency exposure, making the ETF more suitable as a tactical or satellite allocation than as a diversified core equity holding.

Top holdings:

• Sumitomo Metal Mining Co., Ltd.: 5.1%
• First Quantum Minerals Ltd.: 5%
• Freeport-McMoRan Inc.: 4.9%
• Boliden AB: 4.8%
• BHP Group Ltd.: 4.8%
• Antofagasta PLC: 4.8%
• Lundin Mining Corp.: 4.8%
• KGHM Polska Miedź S.A.: 4.7%