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Ipath Pure Beta Copper Etn
The iPath Pure Beta Copper ETN (NYSE Arca: JJC) is not a public company but an exchange-traded note (ETN) that tracks the price of copper. It's designed to provide investors with exposure to the copper market without actually holding physical copper or futures contracts. Here's some general information about the iPath Pure Beta Copper ETN:
1. Issuer: The iPath Pure Beta Copper ETN is issued by Barclays Bank PLC.
2. Listing: The ETN is listed on the NYSE Arca exchange under the ticker symbol JJC.
3. Inception: The iPath Pure Beta Copper ETN was created in 2008, making it one of the earliest copper-linked ETNs in the market.
4. Exposure: The ETN provides exposure to the copper market by tracking the price of copper futures contracts. Specifically, it follows the Barclays Capital Copper Futures Index, which is designed to reflect the performance of copper futures contracts traded on the COMEX exchange.
5. Market Capitalization: As of March 2023, the iPath Pure Beta Copper ETN has a market capitalization of around $518 million.
6. Average Daily Volume: The average daily trading volume of JJC is around 29,000 shares (as of March 2023).
7. Expense Ratio: The expense ratio for the iPath Pure Beta Copper ETN is 0.75% per annum, which means investors will incur a cost of $7.50 for every $1,000 invested per year.
8. Investment Limits: There are no specific investment limits for the iPath Pure Beta Copper ETN, but there may be restrictions or requirements for certain investors, such as those related to suitability, risk tolerance, or regulatory compliance. It's essential to consult with a financial advisor or broker to determine if this ETN is appropriate for your individual circumstances.
9. Distributions: The iPath Pure Beta Copper ETN does not distribute dividends or interest payments to its holders, as it is designed to provide capital appreciation by tracking the price of copper.
10. Tax Implications: The tax implications for the iPath Pure Beta Copper ETN may vary depending on individual circumstances. It's crucial to consult with a tax professional or financial advisor to understand how the ETN's tax treatment affects your investment.
Before investing in any security, it's essential to conduct thorough research and due diligence. It's important to consider risk tolerance, investment goals, fees, and diversification amid a comprehensive investment strategy.