Name of ETN: iPath DJ-UBS Lead TR Sub-Index ETN
Benchmark Index: Bloomberg Lead Subindex Total Return
Ticker Symbol: LD
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the price of lead.
ETN Highlights:
- The index this ETN is based upon is designed to reflect the potential returns (unleveraged) of futures contracts on lead.
- 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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