iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM)
iPath Series B Bloomberg Platinum 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 $49.41, up 0.00% on the session, giving a market capitalisation of $1.6M. Its beta of 0.52 implies it has historically moved less than the broad market.
This Exchange Traded Note (ETN) offers investors an indirect way to gain exposure to platinum futures contracts, rather than holding the physical commodity itself. The underlying index, which this ETN tracks, is comprised of one or more such futures contracts. It aims to mirror the overall return that could be achieved from two key components: 1. An unleveraged investment in those futures positions. 2. The interest income that would be earned on cash reserves held in specified Treasury Bills.
iPath Series B Bloomberg Platinum Subindex Total Return ETN is most often compared with the following Financial Services names: