Largest Cocoa Deficit in 50 Years Strengthens Chocolate ETNs

Cocoa-related exchange traded notes are having a sweet year as a surge in Asia demand led to the longest production shortfall in over five decades. The iPath DJ-UBS Cocoa TR Sub-Index ETN (NYSEArca: NIB) is up 22.1% year-to-date while the iPath Pure Beta Cocoa ETN (NYSEArca: CHOC) increased 22.3%...