India ETN Suspends New Share Issues

The Wall Street Journal‘s Ian Salisbury is reporting that Barclays has suspended issuing new shares of the iPath MSCI India Index Exchange Traded Note (INP).

The move comes after Indian regulators barred Barclays from trading off-shore derivatives. Because INP managers use derivatives to replicate the returns of the underlying index, the regulatory action forced the Barclays decision.

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