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The $71 million iPath Series B Bloomberg Copper Subindex Total Return ETN (JJC) is the largest of the notes being closed, which hold around $533 million assets in total.
All but one US-listed ARK exchange-traded fund have seen outflows in 2023, despite the fact that most funds have at least matched the performance of the S&P 500 Index.
The interest rate on the popular savings tool will decline in May because of cooling inflation. Other investment options might provide a better return.
