Sprott launches COPP, offering targeted copper mining investment for the energy transition
Sprott Asset Management LP (Sprott) has announced today the launch of the Sprott Copper Miners Exchange-Traded Fund (COPP), the only U.S.-listed Exchange-Traded Fund to provide "pure-play" exposure to large, mid-, and small-cap copper miners.
These miners are essential for the energy transition, making COPP a unique addition to Sprott’s suite of critical materials-focused Exchange-Traded Funds.
This new fund joins the Sprott Junior Copper Miners Exchange-Traded Fund (COPJ), which was launched in February 2023, marking Sprott's second venture into copper mining funds.
John Ciampaglia, CEO of Sprott Asset Management, commented on the significance of copper in the global push towards net-zero emissions by 2050.
He highlighted the crucial role of copper in electrification initiatives such as expanding power grids, building clean energy infrastructure like wind turbines and solar panels, and manufacturing more electric vehicles.
Ciampaglia acknowledged the challenges investors face in gaining targeted exposure to copper miners despite the metal's increasing attractiveness with the energy transition's momentum. He expressed enthusiasm about offering a focused opportunity through this Exchange-Traded Fund.
The Sprott Copper Miners Exchange-Traded Fund seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Nasdaq Sprott Copper Miners™ Index.
This index is meticulously designed to track the performance of a selection of global securities in the copper industry, encompassing copper producers, developers, and explorers.
COPP is an integral part of Sprott’s energy transition Exchange-Traded Fund suite, aimed at the investment opportunity presented by the critical materials required to generate, transmit, and store cleaner energy.
This suite includes:
- Sprott Energy Transition Materials Exchange-Traded Fund: Seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Nasdaq Sprott Energy Transition Materials™ Index.
- Sprott Uranium Miners Exchange-Traded Fund: Aims to replicate the total return performance of the North Shore Global Uranium Mining Index.
- Sprott Junior Uranium Miners Exchange-Traded Fund: Seeks to mirror the total return performance of the Nasdaq Sprott Junior Uranium Miners™ Index.
- Sprott Copper Miners Exchange-Traded Fund: Designed to provide investment results that correspond to the total return performance of the Nasdaq Sprott Copper Miners™ Index.
- Sprott Junior Copper Miners Exchange-Traded Fund: Aims to offer investment results that match the total return performance of the Nasdaq Sprott Junior Copper Miners™ Index.
- Sprott Lithium Miners Exchange-Traded Fund: Seeks to provide investment results that correspond to the total return performance of the Nasdaq Sprott Lithium Miners™ Index.
- Sprott Nickel Miners Exchange-Traded Fund: Designed to provide investment results that mirror the total return performance of the Nasdaq Sprott Nickel Miners™ Index.
- Sprott Physical Uranium Trust: Seeks to offer a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical uranium.
The launch of COPP positions Sprott as a pioneer in offering focused investment vehicles in the critical materials sector, addressing the surge in investor interest towards sustainable and energy transition materials, and enabling direct investment into the copper mining industry.
