Sprott Launches Copper Miners ETF
In This Article:
Only U.S.-Listed ETF That Provides Pure-Play Exposure to Large, Mid- and Small-Cap Copper Miners
Copper Miners ETF Adds to Sprott’s Expanding ETF Suite
TORONTO, March 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott”) today announced the launch of the Sprott Copper Miners ETF (Nasdaq: COPP) (the “ETF” or “COPP”), the only1 U.S.-listed ETF to provide pure-play2 exposure to large, mid- and small-cap copper miners that supply a critical material necessary for the energy transition. The ETF is the most recent addition to Sprott’s suite of critical materials-focused ETFs and is Sprott’s second copper mining fund, joining the Sprott Junior Copper Miners ETF (COPJ), which launched in February 2023.
“Global commitments to meet net-zero emissions by 2050 are reliant upon copper-intensive electrification initiatives, such as expanding power grids, building clean energy infrastructure like wind turbines and solar panels, and manufacturing more electric vehicles,” said John Ciampaglia, CEO of Sprott Asset Management. “Despite growing investor interest in copper as the energy transition gains momentum, it’s been challenging for investors to gain targeted exposure to copper miners. We’re pleased to offer a focused opportunity to invest in copper miners through this ETF.”
The Sprott Copper Miners ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners? Index (NSCOPP?). The Index is designed to track the performance of a selection of global securities in the copper industry, including copper producers, developers and explorers.
COPP is part of Sprott’s energy transition ETF suite, which is focused on the investment opportunity of the critical materials needed to generate, transmit and store cleaner energy. The suite now comprises:
| Sprott Energy Transition Materials ETF | Nasdaq: SETM | Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Energy Transition Materials? Index (NSETM?). The Index is designed to track the performance of a selection of global securities in the energy transition materials industry. |
| Sprott Uranium Miners ETF | NYSE Arca: URNM | Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Global Uranium Mining Index (URNMX). The Index is designed to track the performance of companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development and production of uranium, or holding physical uranium, owning uranium royalties or engaging in other non-mining activities that support the uranium mining industry. |
| Sprott Junior Uranium Miners ETF | Nasdaq: URNJ | Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium Miners? Index (NSURNJ?), which is designed to track the performance of mid-, small- and micro-cap companies in uranium mining-related businesses. |
| Sprott Copper Miners ETF | Nasdaq: COPP | Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners? Index (NSCOPP?), which is designed to track the performance of a selection of global securities in copper mining-related businesses. |
| Sprott Junior Copper Miners ETF | Nasdaq: COPJ | Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Copper Miners? Index (NSCOPJ?), which is designed to track the performance of mid-, small- and micro-cap companies in copper mining-related businesses. |
| Sprott Lithium Miners ETF | Nasdaq: LITP | Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners? Index (NSLITP?). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers and explorers. |
| Sprott Nickel Miners ETF | Nasdaq: NIKL | Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners? Index (NSNIKL?). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers. |
| Sprott Physical Uranium Trust | TSX: U.U ($US), | Seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical uranium. |
1 Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 3/5/2024.
2 The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.