Hello,
I hope that you’re having a great day.
could we introduce the above ETC onto the platform?
Many thanks
1 Like
Hello @FG_1111 !
Thank you for getting to us here.
We are always looking to expand the ETF offering on our platform and carefully listen to our community for suggestions. I have forwarded your ETF request to our investment team, who will look into adding it to our DIY portfolio option.
You can also let us know which ETFs you wish to be added to our ETF range via our Community Forums, we always want to hear about what our clients want so we can see how we can improve.
We can’t give any precise date for adding new funds at the moment but we’ll post updates on our Community Forums and social media whenever we do add new funds.
Hope you have a great time investing with us in the meantime.
1 Like
@Sebastian.Ricaurte We are looking to add this on the next round. Should be live by next week.
2 Likes
Brilliant, thank you @gmachado and @Sebastian.Ricaurte
1 Like
I was in the process of requesting this when the system picked up that you had already posted about this so here I am. For commodity buffs, this is, as far as I can tell from my extensive searches the Interactive Brokers platform, the best ETF/ETP on the LSE for investing in Copper (known as “Dr Copper” according to GPT due to its leading indicator quality of the global economy. There is a USD ETF on LSE (COPA) which I accidently invested in (don’t ask) which is simply the same WT ETP but denominated in the underlying currency of the index it tracks - Bloomberg Commodity Copper Subindex 4W TR - which tracks COMEX prices apparently. For thos who have been watching copper, this fund does not own physical copper, it’s based on the fund taking out swaps with Merrill L and Citigroup, this might be preferable to the physical asset in terms of storage costs, etc. So far, the USD fund (COPA) is performing a little better than the GBP fund (COPB) but I expect they’ll come into alignment very soon. Oh, it’s also a decent size fund unlikely to be closed any time in the near future with nominal funds under management at $872M
Copper puked -20% on Trump Tariff news last week.
FYI, the COPB is based on US COMEX copper price and not the London LME price, despite being listed on the exchange in GBP.
The US COMEX is much more volatile due to the whims of the orange President.
whilst the LME copper price remain unaffected by US tariffs and did not suffer the -20% decline.
THink i will give this one a miss.
OK fine, but the massive drop is only due to Trump’s copper tarriffs recently announced exempting the refined copper which underlies Comex copper, traders and market participants were front loading, hoarding copper on comex in anticipation of a fat tariff, which didn’t materialise, so the 20pc drop represents unwinding those hoarded positions, If you think this is such a massive drop that it could be an irresistable opportunity to invest and capture some uplift (given global GDP growth estimates by the IMF, it could be a great buying opportunity.
Here’s GPT explaining the bloomberg subindex which shoudn’t scare anyone : You’re asking about the Bloomberg Copper Subindex, which is a component of the broader Bloomberg Commodity Index (BCOM) family. Here’s how it’s constructed and what it reflects:
What is the Bloomberg Copper Subindex?
-
It’s a single‑commodity subindex that tracks unleveraged returns from copper futures contracts—specifically on exchange‑traded copper contracts like COMEX High‑Grade Copper (Bloomberg).
-
The “Total Return” version of the index reflects both price changes and roll returns from those copper futures contracts (Bloomberg).
How is it calculated?
1. Based purely on copper futures, not multiple commodities
- It holds a single designated contract (currently COMEX copper futures) rolled systematically over time (BBHub Assets).
2. Rolling methodology
-
Futures contracts expire monthly; to avoid physical delivery, the index transitions (or “rolls”) into the next‑month contract over a defined 5‑day window each month.
-
Typically, weight shifts like: Day 1 at 0% new contract, increasing in 20% steps each day to 100% by Day 5. Pricing and weight adjustments are applied at close of each trading day (Bloomberg Data).
3. Total Return includes both:
-
Spot return: change in futures contract price while it’s held
-
Roll yield: gain or loss when selling one contract and buying the next, depending on market structure (backwardation vs. contango) (BBHub Assets).
Why distinctions matter
-
When copper futures are in contango (distant‐month futures > near‐month), the roll results in a negative yield, dragging the index down even if spot prices rise.
-
Conversely, in backwardation (distant‑month futures < near‑month), you may see positive roll yield boosting performance (BBHub Assets).
Summary Table
| Feature | Description |
|---|---|
| Nature | Single‑commodity subindex of BCOM (copper only) |
| Underlying contracts | COMEX High‑Grade Copper futures |
| Returns measured | Spot + roll (total return, unleveraged) |
| Roll process | Monthly, over about 5 business days per month, systematic shift |
| Market influence | Contango/backwardation drive roll yields |
| Weighting method | Equally 100% copper, unlike diversification rules of broader BCOM family |