Name of ETN: iPath Pure Beta Industrial Metals ETN
Benchmark Index: Barclays Commodity Index Industrial Metals Pure Beta TR
Ticker Symbol: HEVY
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the price of industrial metals (aluminum, copper, nickel and zinc).
- The index this ETN is based upon is designed to reflect the potential returns (unleveraged) of future contracts on industrial metal commodities.
- 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.