What to Know when Investing in Copper

I would say first that when you invest in an ETF, if that is the route you choose to go, it's important to look past the name of the fund. I mentioned that our strategies are pure play. We think that's really important, particularly in the copper markets.

If you look at the 10 largest copper producers, only three of them are publicly traded and majority copper miners. A lot of those producers might have less than 10% of their revenue coming from mining copper. If you were to invest in a company that has a strategy that has copper in the name, it has a broader mandate, you could have a lot of unintended exposure that you're getting access to. It really waters down that copper exposure.

When you start looking at copper markets and a lot of commodity markets, they can go through periods of volatility. I think it's very important to look at the fundamentals and take a longer-term view before entering those positions, and to understand and be comfortable with the volatility you might have in the short term while understanding the long-term view.