The iPath® B Bloomberg Coffee Ttl Ret ETN (BJO) is a mutual fund that tracks the performance of the Bloomberg Coffee Total Return Index. This index is composed of coffee futures contracts and aims to provide investors with exposure to the coffee market. The fund is an exchange-traded note (ETN), which means it is a debt instrument issued by a financial institution and traded on an exchange. BJO offers investors a way to potentially profit from changes in the price of coffee without directly owning the physical commodity.
