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Does MM like the WIRE & URA ETF’s

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Does MM like the WIRE & URA ETF’s

Hi guys After watching you latest webinar (very informative) you guys are bullish long term uranium and copper What are your thoughts on the 2 etfs wire (copper miners) and ura (uranium) to play this theme Would this be a safer way to go as it has greater diversification than picking an individual stock even though some of the stocks eg bhp in wire are not pure copper plays Thanks Tony

Answer

Hi Tony,

They are definitely a viable alternative however just like buying most Australian stocks with copper exposure its not always a perfect science:

  • Global X Copper ETF (WIRE): BHP is the ETF’s 2nd largest holding at 5.4% yet copper is a relatively small part of their revenue.
  • Global X Uranium (URA US): this holds a solid mix of uranium stocks with local name Paladin (PDN) the 4th largest holding with just 4%.

Thanks for the positive feedback on the webinar.

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Global X Copper Miners ETF (WIRE)
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