Strong Dollar Hurting Copper ETFs

Copper ETFs are Seeing Red in 2010 according to the WSJ’s John Spence.

Turns out that the strengthening US dollar is bringing down commodity prices.  Combine that with a more uncertain economic outlook and funds that specialize in economically sensitive commodities like copper take a hit.

Spence highlights two copper exchange traded products – the iPath Dow Jones-UBS Copper Subindex Total Return ETN (JJC) and First Trust ISE Global Copper Index Fund (CU).

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