Emerging Markets’ Chocolate Craze Bolsters Cocoa ETNs
July 09, 2014 at 15:52 PM EDT
Developing countries are developing a voracious appetite for chocolate, pushing cocoa prices and related exchange traded notes to a three-year high. The iPath DJ-UBS Cocoa TR Sub-Index ETN (NYSEArca: NIB) is up 14.7% year-to-date while the iPath Pure Beta Cocoa ETN (NYSEArca: CHOC) is 12.6% higher....
