iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN
JJM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 17, 2018
- CIK
- 0000312070
- Similar Companies
- Business
- iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN (NYSE Arca: JJM), issued by Barclays Bank PLC, provides investors with exposure to the Bloomberg Industrial Metals Subindex Total Return through an exchange-traded note structure that tracks futures contracts on industrial metals, including aluminum, copper, nickel, and zinc; the ETN offers notional long exposure to these commodities without direct physical ownership or dividends. Barclays Bank PLC, headquartered in London, United Kingdom, and founded in 1690, serves as the issuer and manages the ETN through its iPath brand, which specializes in commodity-linked exchange-traded notes targeting institutional and retail investors seeking tactical exposure to base metals markets influenced by global manufacturing, infrastructure, and economic trends. The product, launched on January 17, 2018, operates globally with a focus on U.S.-listed trading and carries an expense ratio of 0.45%, emphasizing industrial metals as a segment within the broader commodities asset class. In June 2023, Barclays announced the full redemption and cash settlement of the outstanding JJM ETNs, concluding the product's lifecycle as part of a broader portfolio rationalization effort that saw multiple iPath Series B ETNs discontinued or redeemed; this followed suspensions of further issuances in prior years and aligns with Barclays' ongoing liability management strategies for structured products. No new issuances or relaunches have occurred since the redemption, rendering the ETN defunct for new investments, though legacy pricing data may persist on certain platforms. These actions reflect Barclays' strategic shifts away from select low-volume commodity ETNs amid market dynamics and regulatory considerations.