The fund is a fully collateralised, UCITS eligible Exchange Traded Commodity (ETC) designed to provide investors with a total return exposure to Copper futures contracts. It aims to replicate the Bloomberg Copper Sub Total Return Index by tracking the Bloomberg Copper Sub Excess Return Index.
Fund Exposure
The fund is exposed to the movement in the price of copper futures contracts used in the Bloomberg Commodity Index. It is affected by the roll yield, which may have a positive or negative impact on the value of the Index depending on whether there is contango or backwardation. The ETC value is based on the value of the Index.
Risks
Investors should be aware of the risks associated with this fund, including market risk, liquidity risk, counterparty risk, and credit risk. The value of securities in the fund is directly affected by increases and decreases in the value of the Index, and there is a risk of losing some or all of the amount invested. Additionally, the fund is not a UCITS product and is subject to liquidity and credit risks.