Name of ETN: iPath Pure Beta Softs
Benchmark Index: Barclays Commodity Index Softs Pure Beta TR
Ticker Symbol: GRWN
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the price of soft commodities (sugar, coffee and cotton).
ETN Highlights:
- Provides unleveraged direct exposure to soft commodities.
- The index this ETN is based upon uses sugar future contracts with varying expiration dates.
- 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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