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Ipath Pure Beta Aluminum Etn

Stock Market Information

A publicly traded company, iPath Pure Beta Aluminum ETN (NYSE: Aalu) has its exchange-traded notes (ETNs) traded on the NYSE. Credit Suisse created the iPath Pure Beta Aluminum ETN to allow investors to gain access to the aluminum market. They obtain their money from the aluminum futures market, which supplies the cost of the ETN.

The iPath Pure Beta Aluminum ETN seeks to deliver yields that are three times the daily performance of the aluminum market before fees and costs.

By tracking the Barclays Capital Natural Gas Double Short ETN, which tracks the market price of aluminum, the ETN seeks to provide three times the inverse daily performance of the metal before fees and costs. For investors trying to hedge their exposure or speculate on the price of aluminum, this ETN may be a good choice.

Price, expense ratio, and other vital information regarding iPath Pure Beta Aluminum ETN are shown in the table below:

current market price: 10.74

expense ratio: 0.70%

inception date: May 5, 2011

Underlying Index: Aluminum Futures Contracts

It is crucial to remember that investments in ETNs include additional risks, such as credit risk, and may not be appropriate for all investors. Due to their intricate nature and high risk, they are frequently unsuitable for novice traders. before making any investments, it is crucial to understand the dangers and carefully review the prospectus and risks included. Investors should consider their investment goals, risk tolerance, and level of market knowledge before making any investment decisions.