Barclays Bank today introduced an exchange-traded note based on the Chicago Board Options Exchanges S&P 500 BuyWrite Index. The new ETN, part of the iPath family of Barclays unsecured obligations, is listed on the American Stock Exchange. The BuyWrite index tracks the total return of a hypothetical buy-write, or covered call, strategy on the S&P 500 index. Because it generates comparable returns to the S&P 500 but with lower risk, the buy-write strategy can help reduce volatility in an investors stock portfolio.
Barclays introduces new iPath ETN
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