Name of ETN: iPath Dow Jones-UBS Industrial Metals Subindex Total Return ETN
Benchmark Index: Bloomberg Industrial Metals Subindex Total Return
Ticker Symbol: JJM
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the price of futures contracts on industrial metal commodities.
ETN Highlights:
- The index has historically been comprised of four futures contracts.
- The aluminum, nickel and zinc futures contracts are traded on the London Metal Exchange.
- The copper futures contract is traded on COMEX.
- 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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