Barclays to Launch India ETN tomorrow
An ETN is a very innovative product-tries to defer gains until the note matures or you sell it. Compare it to ETFs, which give you dividends and sometimes capital gains and interest-causing you to pay Taxes. However, you take the credit risk inherent in any Barclays bond offering (slightly more, actually).
See details on http://www.ipathetn.com, the Barclay's ETN site.
I will be moving some of my holdings of Indian ADRs into this ETN.
Sanjay John G.