iPath Series B Bloomberg Sugar Subindex Total Return ETN (SGG)
iPath Series B Bloomberg Sugar 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 $87.97, up 1.28% on the session, giving a market capitalisation of $14.7M. Its beta of 0.37 implies it has historically moved less than the broad market.
This Exchange Traded Note (ETN) allows investors to gain exposure to the sugar market via futures contracts, rather than through direct investment in the physical commodity itself. Its performance is linked to an underlying index, which is constructed from one or more sugar futures contracts. This index aims to mirror the total return an investor could potentially achieve from two components: first, an unleveraged position in those futures contracts, and second, the interest income generated from the cash collateral, typically invested in specific U.S. Treasury Bills.
iPath Series B Bloomberg Sugar Subindex Total Return ETN is most often compared with the following Financial Services names: