Name of ETN: iPath Pure Beta Broad Commodity
Benchmark Index: Barclays Commodity Index Pure Beta TR
Ticker Symbol: BCM
ETN Highlights:
- The index this ETN is based upon is designed to reflect the potential returns (unleveraged) of futures contracts on a broad range of commodities.
- Examples of the commodity futures contracts in this index hsd historically included: Gold, WTI Crude Oil, Brent Crude, Soybeans, Copper, Corn, Aluminum, Silver, Gas Oil and Gasoline.
- These futures contracts are not weighted equally within the index. Gold and crude oil historically have had more representation than other commodities.
- ETF and ETN providers will have the breakdown of their current holdings on their website which an investor should always check before making an investment decision.
- 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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