Name of ETN: iPath GEMS ETN
Benchmark Index: Barclays Global Emerging Markets Strategy (GEMS) Index
Ticker Symbol: JEM
Strategy: This ETN is designed to track the Barclays Global Emerging Markets Strategy (GEMS) Index. This index is designed to offer investors exposure to a basket of emerging world currencies (Argentine peso, Brazilian real, Chilean peso, Colombian peso, Indian rupee, Hungarian forint, Indonesia rupiah, South Korean won, Mexican peso, Philippine peso, Polish zloty, Russian ruble, South African rand, Thai baht and Turkish lira). While they are not weighed exactly, each of the currencies carries approximately the same weight within the ETN, roughly 7% each.
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