4COPD.XD is trading at €61.72, down -3.79%, primarily as broad risk-off conditions followed U.S.-Iran military escalation.
- Brent crude rose above $100, pressuring global equities; European markets were particularly weak, with the DAX down 1.74%.
- Higher energy costs and inflation fears raised interest-rate and mining-equity valuation concerns.
- Copper rose to approximately $6.80 per pound on September 9; fundamentals alone did not explain the move.
- The fund’s diversified miners remained exposed to equity-market, currency, and geopolitical selling pressure.