MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 17, 2006 Barclays Shoots for NYSE With Oil Notes Barclays Capital wants to give U.S. retail investors direct access to the oil market with a different kind of exchange-traded product. The U.K. firm has asked U.S. regulators to approve an exchange-traded note based on oil, according to a report from the Financial Times. The note would be the third iPath, complements to Barclays' iShares line of exchange-traded funds. Instead of underlying securities or commodities, iPaths hold thirty-year notes, guaranteed by Barclays, that upon maturity pay cash equalling the amount of index growth. Barclays wants to trade its new iPath on the New York Stock Exchange. Printed from: MFWire.com/story.asp?s=12250 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |