Barclays Bank PLC has launched the iPath(R) Optimized Currency Carry Exchange Traded Note (ETN), providing investors with a cost-effective way to capitalize on currency market inefficiencies and diversify their currency exposure.

“The iPath(R) Optimized Currency Carry ETN offers investors the opportunity to invest in a diversified basket of currencies in a transparent and cost efficient way with the ease of trading on an exchange,” said Philippe El-Asmar, managing director and head of Solution Sales, Americas, at Barclays Capital.

The new ETN is linked to the performance of the Barclays Intelligent Carry IndexTM. The index applies to the “G10 currencies,” which are the U.S. dollar, the euro, the Japanese yen, the Canadian dollar, the Swiss franc, the British pound sterling, the Australian dollar, the New Zealand dollar, the Norwegian krone and the Swedish krona.

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