FYI: Market watchers may have noticed that there were some rumblings in Barclays’ lineup of iPath exchange-traded notes over the past year.
The iPath Bloomberg Natural Gas Subindex Total Return ETN (GAZ) was finally delisted after having its creations frozen for nearly a decade with a replacement ETN offered. Also, a pair of the issuer’s largest VIX ETNs are set to see replacements hit the market soon—roughly a year before the corresponding original versions reach maturity.
In retrospect, these things were all warning signs of a major shakeup in the form of two major announcements last week.
Regards,
Ted
http://www.etf.com/sections/features-and-news/ipath-lineup-see-dramatic-revamp?nopaging=1
