Name of ETN: iPath Pure Beta Aluminum
Benchmark Index: Barclays Aluminum Pure Beta TR Index
Ticker Symbol: FOIL
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the price of aluminum.
- The index this ETN is based upon is designed to reflect the potential returns (unleveraged) of future contracts in the aluminum markets.
- The index may use a number of different future contracts with varying expiration dates.
- Investors looking to invest in commodities without opening a futures account can use commodity ETFs/ETNs as an alternative investment vehicle. Investors should be aware that investing in ETNs is not the same as owning interests in the commodities futures contracts as there is no principal protection.