{"id":68073,"date":"2024-03-06T13:25:06","date_gmt":"2024-03-06T13:25:06","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/sprott-launches-copper-miners-etf\/"},"modified":"2024-03-06T13:25:06","modified_gmt":"2024-03-06T13:25:06","slug":"sprott-launches-copper-miners-etf","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/sprott-launches-copper-miners-etf\/","title":{"rendered":"Sprott Launches Copper Miners ETF"},"content":{"rendered":"
\n

Only U.S.-Listed ETF That Provides Pure-Play Exposure to Large, Mid- and Small-Cap Copper Miners<\/em><\/p>\n

Copper Miners ETF Adds to Sprott\u2019s Expanding ETF Suite<\/em><\/p>\n

TORONTO, March 06, 2024 (GLOBE NEWSWIRE) — Sprott Asset Management LP (\u201cSprott\u201d) today announced the launch of the Sprott Copper Miners ETF (Nasdaq: COPP) (the \u201cETF\u201d or \u201cCOPP\u201d), the only1 <\/sup>U.S.-listed ETF to provide pure-play2<\/sup> exposure to large, mid- and small-cap copper miners that supply a critical material necessary for the energy transition. The ETF is the most recent addition to Sprott\u2019s suite of critical materials-focused ETFs and is Sprott\u2019s second copper mining fund, joining the Sprott Junior Copper Miners ETF (COPJ), which launched in February 2023.<\/p>\n

\u201cGlobal commitments to meet net-zero emissions by 2050 are reliant upon copper-intensive electrification initiatives, such as expanding power grids, building clean energy infrastructure like wind turbines and solar panels, and manufacturing more electric vehicles,\u201d said John Ciampaglia, CEO of Sprott Asset Management. \u201cDespite growing investor interest in copper as the energy transition gains momentum, it\u2019s been challenging for investors to gain targeted exposure to copper miners. We\u2019re pleased to offer a focused opportunity to invest in copper miners through this ETF.\u201d<\/p>\n

The Sprott Copper Miners ETF\u00a0seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners\u2122\u00a0Index (NSCOPP\u2122). The Index is designed to track the performance of a selection of global securities in the copper industry, including copper producers, developers and explorers.<\/p>\n

COPP is part of Sprott\u2019s energy transition ETF suite, which is focused on the investment opportunity of the critical materials needed to generate, transmit and store cleaner energy. The suite now comprises:<\/p>\n\n\n\n\n\n\n\n\n\n
Sprott Energy Transition Materials ETF<\/strong><\/td>\nNasdaq: SETM<\/strong><\/td>\nSeeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Energy Transition Materials\u2122\u00a0Index (NSETM\u2122). The Index is designed to track the performance of a selection of global securities in the energy transition materials industry.<\/td>\n<\/tr>\n
Sprott Uranium Miners ETF<\/strong><\/td>\nNYSE Arca: URNM<\/strong><\/td>\nSeeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Global Uranium Mining Index (URNMX). The Index is designed to track the performance of companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development and production of uranium, or holding physical uranium, owning uranium royalties or engaging in other non-mining activities that support the uranium mining industry.<\/td>\n<\/tr>\n
Sprott Junior Uranium Miners ETF<\/strong><\/td>\nNasdaq: URNJ<\/strong><\/td>\nSeeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium Miners\u2122\u00a0Index (NSURNJ\u2122), which is designed to track the performance of mid-, small- and micro-cap companies in uranium mining-related businesses.<\/td>\n<\/tr>\n
Sprott Copper Miners ETF<\/strong><\/td>\nNasdaq: COPP<\/strong><\/td>\nSeeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners\u2122\u00a0Index (NSCOPP\u2122), which is designed to track the performance of a selection of global securities in copper mining-related businesses.<\/td>\n<\/tr>\n
Sprott Junior Copper Miners ETF<\/strong><\/td>\nNasdaq: COPJ<\/strong><\/td>\nSeeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Copper Miners\u2122\u00a0Index (NSCOPJ\u2122), which is designed to track the performance of mid-, small- and micro-cap companies in copper mining-related businesses.<\/td>\n<\/tr>\n
Sprott Lithium Miners ETF<\/strong><\/td>\nNasdaq: LITP<\/strong><\/td>\nSeeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners\u2122\u00a0Index (NSLITP\u2122). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers and explorers.<\/td>\n<\/tr>\n
Sprott Nickel Miners ETF<\/strong><\/td>\nNasdaq: NIKL<\/strong><\/td>\nSeeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners\u2122\u00a0Index (NSNIKL\u2122). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.<\/td>\n<\/tr>\n
Sprott Physical Uranium Trust <\/strong><\/td>\nTSX: U.U ($US),
U.UN ($CA)<\/strong><\/td>\n		Seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical uranium.<\/td>\n<\/tr>\n<\/table>\n

1 <\/sup>Based on Morningstar\u2019s universe of Natural Resources Sector Equity ETFs as of 3\/5\/2024.
2 <\/sup>The term \u201cpure-play\u201d relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.<\/p>\n

About Sprott Asset Management LP<\/strong>
Sprott Asset Management is a wholly-owned subsidiary of Sprott Inc. (\u201cSprott\u201d). Sprott is a global leader in precious metals and critical materials investments. We are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California, and the company\u2019s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com<\/a>.<\/p>\n

Contact:<\/strong>
Glen Williams
Managing Partner
Investor and Institutional Client Relations
Direct: (416) 943-43945
gwilliams@sprott.com<\/a><\/p>\n

Dan Gagnier
Gagnier Communications
Direct: (646) 569-5897
sprott@gagnierfc.com<\/a><\/p>\n

Important Disclosures<\/strong><\/p>\n

The Sprott Energy Transition ETFs are made up of the following: Sprott Energy Transition Materials ETF (SETM), Sprott Uranium Miners ETF (URNM), Sprott Junior Uranium Miners ETF (URNJ), Sprott Copper Miners ETF (COPP), Sprott Junior Copper Miners ETF (COPJ), Sprott Lithium Miners ETF (LITP) and Sprott Nickel Miners ETF (NIKL). Before investing, you should consider each Fund\u2019s investment objectives, risks, charges and expenses. Each Fund\u2019s prospectus contains this and other information about the Fund and should be read carefully before investing.<\/strong><\/p>\n

Prospectuses can be obtained by calling\u00a0888.622.1813 or by visiting\u00a0<\/strong>https:\/\/sprottetfs.com\/setm\/prospectus<\/strong><\/a>, https:\/\/sprottetfs.com\/urnm\/prospectus<\/a>,\u00a0<\/strong>https:\/\/sprottetfs.com\/<\/strong>urn<\/strong>j\/prospectus<\/strong><\/a>,\u00a0<\/strong>https:\/\/sprottetfs.com\/copp\/prospectus<\/strong><\/a>, https:\/\/sprottetfs.com\/copj\/prospectus<\/strong><\/a>, <\/strong>https:\/\/sprottetfs.com\/litp\/prospectus<\/strong><\/a> or https:\/\/sprottetfs.com\/nikl\/prospectus<\/strong><\/a>.<\/strong><\/p>\n

The Funds are not suitable for all investors. There are risks involved with investing in ETFs, including the loss of money. The Funds are non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.<\/strong><\/p>\n

Exchange\u00a0Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV) and are not individually redeemed from the Fund.<\/strong>\u00a0Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. \u201cAuthorized participants\u201d may trade directly with the Fund, typically in blocks of 10,000 shares.<\/strong><\/p>\n

Funds that emphasize investments in small\/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of experiencing investment losses. ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund\u2019s performance.<\/p>\n

Nasdaq\u00ae, Nasdaq Sprott Energy Transition Materials\u2122 Index, NSETM\u2122, Nasdaq Sprott Junior Uranium Miners\u2122 Index, NSURNJ\u2122, Nasdaq Sprott Copper Miners\u2122 Index, NSCOPP\u2122, Nasdaq Sprott Junior Copper Miners\u2122 Index, NSCOPJ\u2122, Nasdaq Sprott Lithium Miners\u2122 Index, NSLITP\u2122, Nasdaq Sprott Nickel Miners\u2122\u00a0index and NSNIKL\u2122\u00a0are registered trademarks of Nasdaq, Inc. (which, with its affiliates, is referred to as the \u201cCorporations\u201d) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations.\u00a0THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).<\/strong><\/p>\n

ALPS Distributors, Inc. is the Distributor for the Sprott Funds Trust and is a registered broker-dealer and FINRA Member. Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs.<\/p>\n

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management LP.<\/p>\n

\u00a9 2024\u00a0Sprott Inc. All rights reserved.<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

Only U.S.-Listed ETF That Provides Pure-Play Exposure to Large, Mid- and Small-Cap Copper Miners Copper Miners ETF Adds to Sprott\u2019s Expanding ETF Suite TORONTO, March 06, 2024 (GLOBE NEWSWIRE) — Sprott Asset Management LP (\u201cSprott\u201d) today announced the launch of the Sprott Copper Miners ETF (Nasdaq: COPP) (the \u201cETF\u201d or \u201cCOPP\u201d), the only1 U.S.-listed ETF 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