Barclays Launches New Asian ETN

Tom Lydon (ETF Trends) submits: Barclays Global Investors is listing an Asian currency-focused ETNs. The note will give investors access to new currencies previously unavailable to ETF and ETN investors: the Philippine peso, Chinese won, Indonesian rupiah, Thai baht, Malaysian ringgit, and the Taiwanese dollar. The new ETN is called Barclays GEMS Asia 8 (AYT).The goal of the fund’s index is to replicate a diversified, multi-national money market strategy in eight Asian emerging markets. According to Murray Coleman for Index Universe, this is the third such dividend-paying currency exchange-traded product on the market.Complete Story »