Name of ETN: iPath Bloomberg Coffee Subindex Total Return ETN
Benchmark Index: Bloomberg Coffee Subindex Total Return
Ticker Symbol: JO
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the daily price of coffee futures.
ETN Highlights:
- The index this ETN is based upon is designed to reflect the potential returns (unleveraged) of future contracts on coffee.
- 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.
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