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Ipath Pure Beta Agriculture Etn

iPath Series B Pure Beta Agriculture ETN (NYSEARCA: COWS) is an exchange-traded note (ETN) that provides investors with exposure to the performance of the Dow Jones-UBS Agriculture Subindex SM. The ETN is issued by Barclays Bank PLC.

An ETN is a type of unsecured, unsubordinated debt security that is designed to track the performance of a particular index or benchmark. It does not actually own the underlying assets, but instead promises to pay the return of the index or benchmark, less fees and expenses.

The Dow Jones-UBS Agriculture Subindex SM is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities, including soybeans, corn, wheat, and sugar. The index is designed to reflect the returns of investing in a diversified portfolio of these futures contracts.

The iPath Series B Pure Beta Agriculture ETN is intended to provide investors with a simple and cost-effective way to gain exposure to the agricultural commodities market. However, it is important to note that investing in an ETN involves risks, including the credit risk of the issuer, and it may not be suitable for all investors.

It is recommended to consult a financial advisor before making any investment decisions.