PICK’s Copper Bet Faces Critical Test as China Infrastructure Spending Looms

Quick Read The iShares Global Metals & Mining ETF (PICK) surged 66% over the past year from $35 to $58 per share. PICK holds BHP, Rio Tinto, Freeport-McMoran and Glencore with heavy copper concentration. Freeport gained 53% over the past year. China’s economic health is the biggest factor affecting PICK. China consumes half of global copper, iron ore and steel. Investors rethink ‘hands off’ investing and decide to start making real money The iShares MSCI Global Metals & Mining Producers ETF (NYS ...