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-Barclays launches new ETN.

Global Banking News-October 12, 2012--Barclays launches new ETN(C)2012 ENPublishing -

Global Banking News - 12 October 2012

Barclays Plc (LSE: BARC) has announced that it has launched a new exchange traded note (ETN).

The bank, which launched its iPath family of ETNs some time earlier, has launched an equities-focused ETN. The ETN is to use an index that has been developed by Yale finance professor, Robert Shiller. The financial product will target four sectors of the S&P 500 that show relatively strong price momentum in the most recent 12-month period.

The new ETN uses an index that incorporates the cyclically adjusted price earnings ratio, CAPE ratio, to assess equity market valuations of nine sectors on a monthly basis.

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Publication:Global Banking News (GBN)
Date:Oct 12, 2012
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