Name of ETN: iPath Pure Beta Crude Oil
Benchmark Index: WTI Crude Oil Pure Beta TR Index
Ticker Symbol: OLEM
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the price of crude oil.
- Provides unleveraged direct exposure to crude oil.
- The index this ETN is based upon uses crude oil 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.