WisdomTree Copper
COPA.L
London Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3 Lombard Street London United Kingdom EC3V 9AA
- IPO Date
- Jan 1, 2008
- Website
- wisdomtree.eu
- Similar Companies
- Business
- WisdomTree Copper (COPA.L) is a fully collateralised, UCITS-eligible exchange traded commodity (ETC) that provides investors with total return exposure to copper futures contracts by synthetically replicating the Bloomberg Commodity Copper Subindex 4W Total Return (BCOMHG4T). The ETC tracks the Bloomberg Copper Sub Excess Return Index while incorporating collateral yield adjusted for fees and costs, utilizing fully funded swaps backed by daily marked-to-market collateral held in segregated accounts at The Bank of New York Mellon; its sole holding consists of a total return swap (TRS) on the Bloomberg Copper Subindex, enabling exposure to copper price movements including roll yield from futures contract rolling without physical delivery, storage, or insurance requirements. Issued by WisdomTree Commodity Securities Limited with a management expense ratio of 0.49% and an annual swap rate of approximately 0.45%, the product offers liquidity through exchange trading, multiple authorised participants and market makers, and risk management features limiting losses to the invested amount. Launched on September 22, 2006 and domiciled in Jersey with headquarters aligned to WisdomTree's operations, WisdomTree Copper operates across major exchanges including the London Stock Exchange (USD: COPA, GBP: COPB), Xetra (EUR: OD7C), Borsa Italiana (EUR: COPA), Euronext (EUR: COPAP), Tokyo Stock Exchange (JPY: 1693), and Bolsa Institucional de Valores Mexico (MXN: COPA1), targeting professional and retail investors in commodities-focused portfolios in regions such as the UK, Europe, Japan, and Mexico. The ETC serves institutional and individual investors seeking targeted exposure to industrial metals within the broader commodities asset class, with passporting in countries including Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Spain, Sweden, and the United Kingdom; it emphasizes transparency in performance, fees, and collateral composition, which as of July 2025 included diversified sovereign bonds primarily from the United States (45.19%), Germany (21.46%), Austria (13.48%), the Netherlands (10.92%), and Finland (8.95%) denominated in euros (54.81%) and US dollars (45.19%). In recent developments, WisdomTree expanded trading accessibility for COPA by listing a GBP-denominated share class (COPB.L) on the London Stock Exchange in February 2023 and a Mexican peso class (COPA1) on the Bolsa Institucional de Valores in July 2024; additionally, Eurex introduced options trading on WisdomTree Copper (COPA) in late 2025, providing European-style call and put contracts with up to 60-month terms, minimum block trade sizes of 250 contracts, and physical delivery settlement two days after expiry to enhance derivative strategies and liquidity.