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IPATH PURE BETA COCOA ETN: (AMEX : CHOC)

(U.S : AMEX) As of Jul 10, 2014 11:40 AM ET

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$44.67 USD

-0.22 (-0.49%)

Volume: 695

Zacks ETF Rank: 2 - Buy [?]   2      

This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs

ETF Quote Details

Previous Close 44.89
Open 44.98
Bid 44.73
Ask 44.79
Day Low-High 44.41-44.67
52wk Low-High 32.30-46.49
Volume 695
NAV (month end) 45.30
Premium (+)/Discount (-) (month end)-0.41

Zacks Premium Research for CHOC

Zacks ETF Rank [?] Buy 2
ETF Risk [?] High

Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.

This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs

ETF Expense Ratio

Expense Ratio 0.75%
Dividend (Yield) $0.00 (0.00%)
Issuer BARCLAYS BANK

Benchmark for CHOC

BARCLAYS COCOA PURE BETA TOTAL RETURN IN

This index looks to reflect the returns that are available through an investment in the futres contracts in the Cocoa markets. The index consists of a single futures contract but it has a unique roll structure which selects contracts using the Pure Beta Series 2 Methodology. This technique looks to limit the impact of contango while also providing the collateralized return from U.S. T-Bills.

Fund Summary for CHOC

IPATH PURE BETA COCOA ETN

CHOC is linked to the Barclays Capital Cocoa Pure Beta TR Index. The Index is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts in the Cocoa markets.