Bringing you live news and features since 2006 

Barclays launches additional series of Inverse iPath exchange traded notes


 Barclays Bank has launched a new series of iPath Exchange Traded Notes (ETNs) on the NYSE Arca stock exchange.


The iPath Inverse S&P 500 VIX Short-Term Futures ETN (II) are linked to the inverse performance of the S&P 500 VIX Short-Term Futures Index Excess Return (the Index), and offer investors a ‘short’ view on volatility of US equity markets. The ETNs will be listed on the NYSE Arca stock exchange under the ticker symbol IVOP.

The returns on these new ETNs are calculated in a similar manner to those on the existing iPath Inverse S&P 500 VIX Short-Term Futures ETNs (ticker symbol: XXV) launched on 16 July, 2010. The two series of ETNs are both linked to the inverse performance of the Index; however, they have, among other things, different inception dates, issue dates, final valuation dates and maturity dates, and the two series of ETNs are not fungible with one another.

The Index is designed to reflect the returns that are potentially available through an unleveraged investment in short-term futures contracts on the CBOE Volatility Index (the VIX Futures). VIX Futures reflect the implied volatility of the S&P 500 Index, which provides an indication of the pattern of stock price movement in the US equities market. The new series of ETNs is an uncollateralised debt obligation of Barclays Bank PLC with a 10-year maturity.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by