New silver and copper miners ETFs launched

Global X Funds has just launched a couple of mining ETFs: the Global X Silver Miners ETF (SIL) and Global X Copper Miners ETF (COPX), both with 0.65% expense ratio.

As the name suggests, SIL follows silver mining companies, tracking the Solactive Global Silver Miners Index, comprised of the largest and most liquid silver mining companies in the world.  The majority of holdings are Canadian based companies, also including companies from US, Mexico, Peru, and Russia. 

Largest holdings are Fresnillo, Industrias Penoles, Silver Wheaton, and Pan American Silver. 

COPX tracks the Solactive Global Copper Miners Index, which includes the largest and most liquid copper mining companies in the world.  COPX components are also based in Canada, plus Australia, UK, US, Mexico, China, Poland, Switzerland, and South Africa. 

Largest holdings are Freeport-McMoran, Xstrata, Grupo Mexico, and Southern Copper.  

The Solactive indexes are maintained by German company Structured Solutions AG and were built up by Structured Solutions in conjunction with the Stuttgart Stock Exchange - Germany's second largest .