New strategic ETNs seek to exploit volatility and mitigate risk

Chess Link Strategy
Banks' ETNs take advantage of market conditions

Barclays Bank has launched a new series of exchange-traded notes (ETNs) through its iPath platform with the aim of giving investors the opportunity to express a short view on US equity market volatility. "It is a way for investors to gain inverse exposures in the volatility markets via products that are designed for a holding period longer than a single trading day," says Tim Edwards, vice-president of investor solutions at Barclays Capital in New York. Listed on the New York Stock Exchange's