Tuesday, December 19, 2006

Barclays to Launch India ETN tomorrow

Barclays will launch the much anticipated Indian ETN (Exchange Traded Note) tomorrow, 20 Dec. The ETN will track the MSCI Barra Indian Index, which comprises 68 stocks and represents 85% of the market cap of Indian Stocks.

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.


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