Barclays Bank PLC, begun trading a new Crude Oil ETN, the iPath Series B S&P GSCI Crude Oil ETNs (Nyse Arca: OILB), on Thursday, November 17, 2016. Here is a synopsis of the new ETN:
|Symbol: OILB||Exchange: NYSE ARCA|
|Name: iPath Series B S&P GSCI Crude Oil ETNs||Net Expense Ratio: 0.45%|
The iPath Series B S&P GSCI Crude Oil ETNs are designed to provide exposure to the S&P GSCI Crude Oil Total Return Index.
The S&P GSCI Crude Oil Total Return Index is a sub-index of the S&P GSCI Commodity Index and reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate (WTI) crude oil futures contract. Owning the ETNs is not the same as owning interests in the commodities futures contract comprising the Index or a security directly linked to the performance of the Index.
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