Base-Metal ETFs May Not Beat Gold, BlackRock’s Fuhr Says
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Exchange-traded funds for base metals are unlikely to attract as much demand as those for gold and silver, according to Deborah Fuhr, head of ETF research at BlackRock Inc., which is planning a product backed by copper.
“I don’t expect them to be as popular as gold and silver, that’s my personal view,” said Fuhr, who’s led the ETF research team at the world’s largest asset manager since September 2008. Caroline Hancock, a BlackRock spokeswoman, declined comment, citing regulatory constraints as the New York-based company applies for the copper-backed exchange-traded fund, or ETF.