Barclays Asian ETN gains $4.7m

The ETN aims to give clients tools to diversify their investments using emerging Asian currencies. It tracks the Barclays Global Emerging Market Strategy (Gems) Asia 8 Index, trading on the New York Stock Archipelago Exchange.

The ETN provides exposure to the Indonesian rupiah, Indian rupee, Philippine peso, South Korean won, Thai baht, Malaysian ringgit, Taiwanese dollar and Chinese yuan. It adds to the existing 15 ETNs available in the market globally, of which six were issued by the UK bank

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