Barclays launches seven iPath exchange-traded notes series in Canada

By Jennifer Chiou

New York, Dec. 9 - Barclays Bank plc announced the launch of its iPath exchange-traded notes platform in Canada to provide investors with access to difficult-to-reach markets with the cross-listing of the following on the Toronto Stock Exchange:

• iPath S&P 500 VIX Mid-Term Futures ETN under the symbol "VXZ";

• iPath S&P 500 VIX Short-Term Futures ETN under the symbol "VXX";

• iPath Optimized Currency Carry ETN under the symbol "II";

• iPath JPY/USD Exchange Rate ETN under the symbol "JYN";

• iPath GBP/USD Exchange Rate ETN under the symbol "GBX";

• iPath EUR/USD Exchange Rate ETN under the symbol "ERO"; and

• iPath CBOE S&P 500 BuyWrite Index ETN under the symbol "BWV."

Barclays said that the iPath ETNs are linked to equity volatility, currencies and the CBOE S&P 500 BuyWrite strategy.

"We are pleased to expand our iPath ETN platform in Canada," Philippe El-Asmar, managing director, head of investor solutions at Barclays Capital, said in a news release.

"iPath ETNs have been tremendously successful in the U.S. attracting over $5 billion in market capitalization with over $80 billion in volume traded since inception."

In addition to the cross-listing in Canada, Barclays launched the iPath S&P 500 VIX Short-Term Futures ETN and the iPath S&P 500 VIX Mid-Term Futures ETN on the Frankfurt Stock Exchange.

The iPath ETNs were first launched in 2006.

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