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Barclays To Shut $1.2 Billion Of ETNs, But Do Investors Know?
FYI: If you own an exchange-traded note sold by Barclays Plc, go check your mail. Now.
The British bank is retiring or replacing roughly half of its U.S. offerings on Thursday, according to statements from the company. The plan affects 50 ETNs with about $1.2 billion in assets, data compiled by Bloomberg show. Yet, as of last week, assets stubbornly remained in the notes, meaning investors appear to be oblivious to a shake up that could strand them with hard-to-trade securities. Regards, Ted https://www.bloomberg.com/news/articles/2018-04-11/barclays-to-shut-1-2-billion-of-etns-but-do-investors-know?srnd=etfcenter
