NYSE Euronext (NYX) today announced that Barclays Bank PLC (NYSE: BCS) listed the Barclays GEMS Asia 8 ETN (NYSE Arca: AYT) on NYSE Arca, the largest exchange in ETF and ETN listings and assets under management. As an industry leader in ETF and ETN listings and trading, exchange traded products listed on NYSE Arca represent 55% of ETF and ETN assets under management in the U.S., nearly $591 billion, the most of any exchange.
The Barclays GEMS Asia 8 Exchange Traded Note (ETN) applies the methodology of the Barclays Global Emerging Markets Strategy (GEMS) Asia 8 IndexTM, which reproduces the total return of long-only investing in 1-month synthetic money market deposits in eight Asian currencies.
The index strategy is intended to replicate a diversified, multi-national money market strategy in eight Asian emerging market currencies, which include: the Indonesian rupiah, the Indian rupee, the Philippine peso, the South Korean won, the Thai baht, the Malaysian ringgit, the Taiwanese dollar and the Chinese yuan.Background on NYSE Arca-Listed ETFs and ETNS
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN marketplace offering investors some of the industry’s fastest and most innovative trading tools to access liquidity.
Including today’s listings, NYSE Arca has 272 primary ETF and 80 ETN listings and trades all other eligible ETFs on a UTP basis. In 2007, NYSE Arca added 101 new ETFs and ETNs to its roster of primary listings, including a record 80 IPOs. -- www.nyse.com
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