iPath Series B Bloomberg Precious Metals Subindex Total Return ETN (JJP)
iPath Series B Bloomberg Precious 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 $66.03, up 0.00% on the session, giving a market capitalisation of $1.8M. Its beta of 0.32 implies it has historically moved less than the broad market.
This Exchange Traded Note (ETN) grants investors exposure to futures contracts, distinct from direct ownership of the underlying physical commodities. Its benchmark index, composed of one or more futures contracts on the relevant commodity (referred to as "index components"), is designed to mirror the total returns achievable from two sources: an unleveraged investment in those specific contracts, augmented by the interest yield attainable from cash collateral allocated to particular Treasury Bills.
iPath Series B Bloomberg Precious Metals Subindex Total Return ETN is most often compared with the following Financial Services names: