US regulator approves BlackRock's copper ETF plan

SINGAPORE Sun Feb 24, 2013 10:05pm EST

SINGAPORE Feb 25 (Reuters) - BlackRock Inc. has obtained approval from U.S. regulators on its plan to launch a copper-backed exchange-traded fund on the NYSE Arca, the U.S. Securities and Exchange Commission said.

This followed the approval of a similar product proposed by JPMorgan Chase & Co in December.