
Under typical market circumstances, this fund allocates a significant portion—at least 80%—of its total capital to the investments included in its reference index. This underlying index is specifically designed to mirror the financial performance of enterprises primarily engaged in the copper sector. These are companies that generate 50% or more of their income or asset value from the key stages of copper operations, including exploration, development, extraction, and output. It is important to note that this fund is structured as a non-diversified investment vehicle.
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NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Sprott Asset Management USA, Inc., a wholly-owned subsidiary of Sprott Inc., today announced that the Nasdaq indexes tracked by several of its ETFs will add rebalances in September and March beginning September 21, 2026. The indexes will be rebalanced on a quarterly basis in March, June, September and December, with the semi-annual index reconstitution coinciding with the June and December rebalances.

ETFs like COPX are gaining attention as copper outpaces gold and silver, fueled by AI data center demand and a bullish long-term supply-demand outlook.

I recommend buying the Global X Copper Miners ETF and the Sprott Copper Miners ETF due to attractive valuations and strong macro tailwinds. Hard assets like copper remain undervalued versus financial assets, supported by tightening supply-demand dynamics and falling inventories. COPX and COPP both offer compelling exposure; COPX stands out for liquidity and track record, while COPP offers broader holdings.

Sprott Copper Miners ETF is rated Buy for concentrated, pure-play copper exposure with a unique physical copper allocation. Structural supply deficits, AI infrastructure, grid modernization, and defense spending drive a multi-decade bullish thesis for copper demand. COPP's top-heavy portfolio, led by Freeport-McMoRan (25.9%), offers U.S. tariff leverage but increases concentration risk versus diversified peers.

On Monday, May 4, the Sprott Physical Copper Trust (SCOP) began trading on the NYSE Arca. Previously a non-redeemable investment fund, the trust has now been restructured into a mutual fund.