August 11, 2007 at 8:00 am by Tom Lydon
Starbucks (SBUX) might be included in an exchange traded fund (ETF) such as PowerShares Dynamic Food and Beverage (PBJ) soon because it’s likely to see an increase in coffee consumption with the good news surrounding the beverage lately. Fred Fuld for Stockerblog found an article saying French scientists have discovered that drinking three or more cups of coffee per day reduces memory loss in women over the age of 65. According to the report in the Neurology Journal, coffee also may help reduce the occurrence of dementia. Now women have an excuse to drink more coffee.
Although there’s no coffee ETF in the U.S. yet, one does exist on the London Stock Exchange: ETFS Coffee (COFF). COFF is a commodity based ETF tracking the DJ-AIG Coffee Sub-Index.
Tags: Coffee, Retail & Consumer
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