Barclays Introduces New ETN

The field of currency exchange-traded products keeps getting better and
better. Only a few years ago, the selection of such products was quite
small, and limited to the major currencies (i.e. Dollar, Euro, Yen).
Next came the introduction of riskier currencies, namely those of the
so-called emerging markets, such as the Mexican Peso, Brazilian Real,
Indian Rupee, and most recently the Chinese Yuan. This was followed by
multi-currency and strategy funds, such as the Dollar Bearish fund and
a Carry Trade fund. This brings us to the present day, where Barclays
Capital has brought to the market the Asian and Gulf Currency
Revaluation ETN. As its name suggests, this ETN aims to capture any
gains from the revaluation of five select currencies that are currently
pegged to the Dollar. Index Universe reports:

The index currently includes the currencies of Saudi Arabia, Hong
Kong, the United Arab Emirates, Singapore and China...Many expect these
currencies to have their pegs adjusted upward, creating a potentially
low-risk investment with significant upside in the event of a
revaluation.

Read More: Pegged Currency ETNs