Copper boosts physically backed commodity ETF market

Copper products soon to be available on the market

Physically backed copper exchange-traded funds (ETFs) are set to make an entrance in the commodities market, as JP Morgan, Deutsche and Blackrock (iShares) place S-1 filings at the Securities and Exchange Commission (SEC). Deutsche has teamed up with ETF Securities to launch the physically backed copper ETF. JP Morgan has also filed its JP Morgan Physical copper trust. While Blackrock is set to launch the iShares copper trust joining forces with Goldman Sachs Group who will store the metal. "