iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN (JJM)
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $56.50, up 0.16% on the session, giving a market capitalisation of $6.8M. Its beta of 0.99 implies it has historically moved less than the broad market.
This Exchange Traded Note (ETN) offers investors exposure to the price movements of industrial metals through futures contracts, not by holding the actual physical commodities directly. The underlying index, which the ETN tracks, is built from one or more futures contracts on these specific metals. It aims to replicate the total return achievable from two sources: (1) a straightforward investment in these futures positions, and (2) the interest yield generated from cash reserves allocated to certain U.S. Treasury Bills.
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN is most often compared with the following Financial Services names: