Name of ETN: iPath Pure Beta Nickel ETN
Benchmark Index: Barclays Nickel Pure Beta TR Index
Ticker Symbol: NINI
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the price of nickel.
- Provides unleveraged direct exposure to nickle.
- The index this ETN is based upon uses 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.