Barclays Bank has launched its first iPath exchange-traded note listed on Borsa Italiana, SeDeX segment.
This ETN is designed to provide investors with exposure to European equity volatility, and is the first product listed in Italy linked to volatility.
“We are pleased to announce the first iPath ETN listed on Borsa Italiana,” says Uwe Becker, managing director and head of investor solutions for Europe, Barclays Capital. “The launch marks a natural extension of Barclays iPath platform, adding to the suite of products we offer investors globally to help them diversify their portfolios.”
The iPath VStoxx Short-Term Futures Total Return ETN, listed on Borsa Italiana under the ticker BCVSXX, is based on the underlying Euro Stoxx 50 Volatility Short-Term Futures Total Return Index.
iPath ETNs typically have a ten to 30-year maturity and are senior, unsecured, unsubordinated debt securities issued by Barclays Bank, linked to the performance of a market index.
Equita SIM is the independent, designated market marker for iPath ETNs on Borsa Italiana.