The
iPathA.B Livestock Subindex Total Return ETN (COW) is an
exchange-traded note that aims to track the performance of the Dow
Jones-UBS Livestock Subindex Total Return, which includes two
livestock commodities: lean hogs and live cattle. This ETN seeks to
provide investors with exposure to the livestock market without
requiring them to physically own any livestock.
COW is traded
on the NYSE Arca exchange and is structured as a debt security issued
by Barclays Bank PLC. It has an expense ratio of 0.75% and is designed
to mature on November 22, 2037, at which time investors will receive a
cash payment equal to the principal amount of their investment.
Investing in COW can provide diversification benefits to a
portfolio that lacks exposure to the livestock industry. However, it
is important to note that commodity investments can be volatile and
subject to unpredictable price swings, making them higher risk
investments. Therefore, investors should carefully consider their risk
tolerance and investment objectives before investing in COW or any
other commodity product.
The
iPathA.B Livestock Subindex Total Return ETN (COW) is an
exchange-traded note that aims to track the performance of the Dow
Jones-UBS Livestock Subindex Total Return, which includes two
livestock commodities: lean hogs and live cattle. This ETN seeks to
provide investors with exposure to the livestock market without
requiring them to physically own any livestock.