Chocolate High: Cocoa ETNs Surge
June 19, 2014 at 13:45 PM EDT
The growing middle class in the emerging markets is gobbling up chocolate confections, pushing cocoa prices and related exchange traded notes to near three-year highs. The iPath DJ-UBS Cocoa TR Sub-Index ETN (NYSEArca: NIB) is up 14.1% year-to-date while the iPath Pure Beta Cocoa ETN (NYSEArca:...
