ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Direct Indexing
    • Disruptive Technology
    • Energy Infrastructure
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Financial Literacy
    • Fixed Income
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Multifactor
    • Night Effect
    • Portfolio Strategies
    • Responsible Investing
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Barclays Launches First-Ever No-Fee Exchange Traded Notes
News
Share

Barclays Launches First-Ever No-Fee Exchange Traded Notes

Aaron NeuwirthOct 08, 2019
2019-10-08

This week, Barclays Bank PLC announced the launch of the first-ever no-fee exchange traded notes (ETNs). These are the iPath Gold ETNs (GBUG) and the iPath Silver ETNs (SBUG), which are also the first no-fee exchange traded products (ETPs) offering exposure to precious metals.

GBUG and SBUG offer investors exposure to commodity futures by tracking the performance of two Barclays indices: the Barclays Gold 3 Month Index Total Return (BCC2GC3T), and the Barclays Silver 3 Month Index Total Return (BCC2SI3T).

Each index is intended to reflect the performance of specified gold or silver futures contracts that will become the first liquid nearby futures contracts three months in the future, per a specified schedule. Additionally, the indices also reflect the return corresponding to the weekly-announced interest rate for specified 3-month US Treasury bills.

“Since Barclays brought the first ETNs to the US market in 2006, we have been consistently focused on providing investors with innovative and efficient products,” said Ian Merrill, Managing Director and Head of US Equity Derivative Sales.

“Today marks another exciting day in the evolution of Barclays’ iPath platform with the introduction of the first-ever ETNs that have no investor fees, and the first-ever no-fee ETPs offering exposure to precious metals.”

Related: Barclays Launches iPath Series B Carbon ETNs

Barclays is a top three issuer of ETNs in the US, with over 20% market share of notional value, and multiple products listed on NYSE Arca, NASDAQ and CBOE.

“We are always looking to create the most efficient products possible for investors. By creating the first no-fee ETPs to track the gold and silver market, we are building on our pioneering reputation by delivering a product that we believe deserves consideration by any asset allocator seeking exposure to precious metals,” said Michael Hosana, Managing Director and Head of Quantitative Index Strategies Trading, Americas.

The ETNs will begin trading on the NYSE Arca exchange on October 8, 2019. More information for both ETNs can be found in their respective prospectuses.

This article originally appeared on ETFTrends.com


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jun 09

How Advisors Use the Small-Cap ETF 'QWST' in Portfolios

Jun 09

S&P 500: The Battle on Two Fronts

Jun 09

This Is How New Bulls Are Born

Jun 09

Main Management Market Note: June 9, 2023

Jun 09

European Carbon Allowances Up 10%: The Summer Guide

Jun 09

A Complete Comparison of Top U.S. Real Estate ETFs

Jun 09

Could Now Be a Good Time for Value ETFs?

Jun 09

Fine Tuning Your Index Exposure With Direct Indexing

Jun 09

BNDI Generates Better Returns, Yields in Core Bond Allocations

Jun 09

Issuer League: WisdomTree and Dimensional Are Up

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VGT

Vanguard Information...

VOO

Vanguard S&P 500 ETF

JEPI

JPMorgan Equity Premium...

XLK

Technology Select Sector SPDR...

IYW

iShares U.S. Technology ETF

SMH

VanEck Semiconductor ETF

FNGU

MicroSectors FANG+ Index 3X...

SCHD

Schwab US Dividend Equity ETF...


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X