iShares Copper Miners UCITS ETF USD (Acc)

iShares Copper Miners UCITS ETF USD (Acc) is an exchange-traded fund that tracks the STOXX Global Copper Miners Index, focusing on companies worldwide engaged in the exploration, mining, and refining of copper. Launched on June 21, 2023, and domiciled in Ireland, this accumulating ETF reinvests dividends rather than distributing them, promoting compounded growth through capital appreciation. Managed by BlackRock under the iShares brand, it employs a physical replication strategy with a total expense ratio of 0.55% per annum, making it a cost-effective vehicle for exposure to the copper mining sector. With assets under management around EUR 452 million (approximately USD 57-58 million), the fund provides diversified access to global copper producers, a critical commodity for industries like construction, electronics, renewable energy, and electric vehicles. Unhedged against currency risk and denominated in USD, it reflects the performance of copper-related equities, which can be influenced by commodity price fluctuations, geopolitical factors, and supply-demand dynamics in the metals market. This ETF serves as a thematic investment tool for those seeking targeted equity exposure to the copper production value chain without direct commodity ownership.