Global X Copper Miners ETF

Global X Copper Miners ETF (ASX: WIRE) provides access to a global basket of copper miners that stand to benefit from being a key part of the value chain facilitating growth in major areas of innovation such as technology, infrastructure and clean energy.

WIRE provides access to a global basket of copper miners which stand to benefit from being a key part of the value chain facilitating growth in major areas of innovation such as technology, infrastructure and clean energy. WIRE seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index

• Almost one third of global copper mine production occurs in Chile, while 41% of refined copper production occurs in China. 
• Copper prices are highly correlated to global economic activity because it is used in such a wide range of industries – so as the global economy grows, copper prices tend to follow. 
• Copper is the most in demand metal for the electrification megatrend which is taking place in a number of future-focused areas such as clean energy infrastructure, technologies and transportation. 

Copper miners are companies which engage in the mining of copper ores. Copper ores can be found around the globe and are extracted from the earth via open-pit or underground mining. Once ore is extracted, it must be processed to achieve a high level of purity to be used in a diverse range of industries and applications. 

Copper has been a cornerstone of social and technological innovation for more than 10,000 years. It remains a vital input for numerous industries and is set to continue as a key commodity well into the future, thanks to its properties as an electricity and heat conductor, and resistance to corrosion. Copper lends itself to: 

• Microprocessors of mobile phones, computers, and other appliances.
• Electronic equipment, heat exchangers in cooling equipment like air conditioners and refrigerators. 
• Renewable energy infrastructure and technologies. 
• Generation, transmission, and distribution of electricity.
• Data transmission in the telecommunications industry, including internet services and cable wiring.
• Wiring residential and commercial buildings.
• Most forms of transportation from cars and trains to airplanes and boats. 
• High-efficiency motors, transformers and generators.

These multifaceted uses will continue to drive demand for copper around the world, with megatrends such as clean energy, EVs and personal electronics creating strong tailwinds over the longer-term. Copper demand increased by 28% over the last decade, driven primarily by infrastructure development in major countries such as India, China, and the United States.

Copper demand is highly correlated with global economic activity and is therefore often seen as a leading barometer for global economic health. Covid-related disruptions saw copper prices fall as economic activity slowed across the globe. Looking ahead, copper demand and as a result, prices are predicted to increase as the pandemic recovery advances. In 2022, copper demand is expected to grow by about 2.4%¹.  

¹ International Copper Study Group, “Copper Market Forecast 2021/2022”.

• To express a medium to long term view on demand for copper as a crucial commodity for a range of growing industries.
• As an indirect exposure to the price moves of copper which is highly correlated with global economic activity.

• WIRE tracks the Solactive Global Copper Miners Total Return Index.
• To qualify for the index, a significant part of the company’s current or future revenue must be generated from copper mining or closely related activities such as exploration or refining.
• At any given time, the index will have a minimum of 20 holdings and a maximum of 40.
• The index is weighted according to eligible companies’ free float market capitalisation, with a maximum allocation of 4.75%. Average daily turnover and average monthly trading volumes are also used to filter companies.
• Rebalancing occurs semi-annually in April and October.

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Global X Management (AUS) Limited is the issuer of units in Global X Copper Miners ETF. The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG, nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using Solactive Global Copper Miners Total Return Index (the “Index”) and/or Index trade mark or the Index price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Sponsor, Solactive AG has no obligation to point out errors in the Index to third parties including, but not limited to, investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG, nor the licensing of the Index or Index for the purpose of use in connection with the financial instrument, constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument. This document is issued by Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778) and Global X is soley responsible for its issue. This document may not be reproduced, distributed or published by any recipient for any purpose. Under no circumstances is this document to be used or considered as an offer to sell, or a solicitation of an offer to buy, any securities, investments or other financial instruments. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS) which is available at www.globalxetfs.com.au. In respect of each retail product, Global X has prepared a target market determination (TMD) which describes the type of customers who the relevant retail product is likely to be appropriate for. The TMD also specifies distribution conditions and restrictions that will help ensure the relevant product is likely to reach customers in the target market. Each TMD is available at www.globalxetfs.com.au. The information provided in this document is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information in this document, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. This document has been prepared by Global X from sources which Global X believes to be correct. However, none of Global X, the group of companies which Mirae Asset Global Investments Co., Ltd is the parent or their related entities, nor any of their respective directors, employees or agents make any representation or warranty as to, or assume any responsibility for the accuracy or completeness of, or any errors or omissions in, any information or statement of opinion contained in this document or in any accompanying, previous or subsequent material or presentation. To the maximum extent permitted by law, Global X and each of those persons disclaim all any responsibility or liability for any loss or damage which may be suffered by any person relying upon any information contained in, or any omissions from, this document.Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of Global X, the group of companies of which Mirae Asset Global Investments Co., Ltd is the parent, or their related entities, nor any respective directors, employees or agents guarantees the performance of any products issued by Global X or the repayment of capital or any particular rate of return therefrom.The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.