MM’s favourite copper play, COPX or WIRE?
Hi MM, For a copper play do you prefer COPX or WIRE? Both are ETFs, what are the main differences other being US vs ASX listed? Thanks Adam
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Answer
Hi Adam,
Both COPX and WIRE are almost identical in terms of their holdings and their objective but a key difference we would note is that WIRE is nominated in AUD terms.
While we like both in the medium/long term, WIRE is more attractive due to our bullish outlook on AUD.
In a shorter timeline we prefer COPX over WIRE.
