MutualFundWire.com: Foreign Regulators Tussle with Barclays
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Friday, December 11, 2009

Foreign Regulators Tussle with Barclays


Readers interested in the niche world of exchange-traded notes may want to take a look at the Friday "Fund Track" column. The Wall Street Journal's Ian Salisbury reports on the woes of the iPAth MSCI India Index ETN, which Barclays had to stop issuing new shares of in the wake of a move by Indian regulators.

Unlike iShares, the ETN business stayed with Barclays instead of going to BlackRock with the rest of Barclays Global Investors.

Specifically, regulators in the giant South Asian democracy banned the ETN "from trading offshore derivatives."


Printed from: MFWire.com/story.asp?s=23498

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