A Jolt of 'Jo' Drives One ETN's Performance

The video tutorial discusses the IPATH series B Bloomberg Coffee Subindex total return ETN, known as Joe, which tracks coffee futures. It explains how the index operates by purchasing coffee futures and holding them until maturity. The video highlights the impact of the pandemic on coffee prices, noting a significant drop in Arabica coffee futures favored by Starbucks. Recent trends show a price increase due to supply issues in Brazil. Joe's financials are discussed, including its assets and risk factors, as indicated by Bloomberg Intelligence's traffic light system.

What is the primary function of the IPATH series B Bloomberg Coffee Subindex total return ETN, also known as Joe?

• To monitor coffee futures

• To manage cryptocurrency

• To track the stock market

• To invest in real estate

How did the pandemic initially affect coffee futures prices?

• Prices remained stable

• Prices dropped significantly

• Prices surged

• Prices were unaffected

What percentage have Arabica coffee prices, favored by Starbucks, decreased since the start of the year?

• 40%

• 30%

• 10%

• 20%

What recent factor has caused coffee futures to jump?

• Increased demand in Europe

• Lower supply estimates from Brazil

• New coffee varieties

• Technological advancements in farming

What is the cost of Joe in basis points?

• 55 basis points

• 45 basis points

• 35 basis points

• 25 basis points