Q: For exposure to copper specifically and base metals generally, which of LUN or FCX would be the play for 2-3 year hold with growth and income in mind? Or, would you have another preference over these two? Also, could you suggest a preferred base metal etf to consider? Thx
5i Research Answer:
We like LUN, but for single company exposure we would side with FCX, being much larger and with more diversified assets. It would be our single favourite copper stock for general exposure. We would suggest XBM for a base metal ETF (FCX is 11% of the fund, FYI).