Barclays Launches a Carry-Trade Currency ETN [View article]
In reading about this ETN, it appears it does not pay out (nor accrue) any interest. Isn't one of the secondary benefits of the carry trade, after currency gains, that the high yielding currencies pay excess cash on top of what is required for the borrow? Seems like a good deal for Barclays if they collect a 0.65% fee plus the interest differential; or am I missing something?
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Latest | Highest ratedBarclays Launches a Carry-Trade Currency ETN [View article]