Copper and the Global Economy
Copper may be seen as an indicator for the world economy – much of the world’s infrastructure depends on this industrial metal. As one of the most widely used metals in the world, copper has traditionally seen greatest demand from nations that are actively involved in industrialization and urbanization. Outlook on copper is largely affected by the expectation of continued infrastructure development in emerging markets such as China, India and Brazil.

Profit Margins for Miners
According to BMO Capital Markets, the 2011 average cash cost for copper miners is forecast to be approximately $1.50/lb., making most copper miners profitable when spot prices pass this threshold. With spot prices averaging over $3.00/lb. since 2004, many copper miners have increased cash flow growth, reduced debt and expanded current copper projects for future growth.
 
 
 
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DISCLOSURE
Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country and narrowly focused investments may be subject to higher volatility. There are additional risks associated with investing in metals as well as their respective mining industries. Negative changes in commodity markets could have a great impact on the fund, that exploration and development of mineral deposits are highly speculative and exploration companies may be significantly affected by competitive pressures, the price of mineral deposits, and regulatory and political events, all of which may (cause losses or) increase volatility.
Index returns are for illustrative purposes only and do not reflect actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. 
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