Vmbook Online ordering

Barclays Asian Gulf Currency Reval Etn

## Barclays Asian Gulf Currency Reval Etn (BARC)

**General Information:**

* **Exchange:** New York Stock Exchange

* **Ticker Symbol:** BARC

* **Market Capitalization:** $4.3 billion (as of October 26, 2023)

* **Industry:** Asset Management & Financial Services

* **Website:** https://www.barclays.com/us/en/investors/equity.html

**Company Overview:**

Barclays Asian Gulf Currency Reval Etn provides exchange-traded notes (ETNs) that track the performance of various currency baskets focused on the Asian and Gulf Cooperation Council (GCC) region. They offer exposure to:

* **Asian High Yield Currencies Etn:** USD-denominated notes backed by a basket of high-yield currencies in Asia.

* **GCC Currency Pair Etn:** USD-denominated notes backed by a basket of currencies of the GCC countries.

**Financial Performance:**

* Q3 2023 Net Income: $45 million USD

* Revenue in the last twelve months: $178 million USD

**Recent News:**

* Barclay's Asian Currency & Global Debt Fund has increased its stake in the GCC Currency Pair ETP to 50.8% from 49.5%.

* The fund has also increased its stake in the Asian High Yield Currency ETP to 47.5% from 46.6%.

**Analyst Ratings:**

* Bloomberg: Consensus Rating of "Rating Suspended" with a target price of $32.25.

* Refinitiv: Consensus Rating of "Neutral" with a target price of $35.00.

**Recent Events:**

* Barclays Global Investors announced plans to wind down its retail banking businesses in nine markets, including the US, as part of a cost-cutting measure.

* The US Securities and Exchange Commission (SEC) is investigating Barclays over its handling of surveillance and risk controls at the bank.

**Additional Information:**

* Barclays Asian Gulf Currency Reval Etn is not directly comparable to other US-based companies.

* The performance of the ETN is influenced by the performance of the underlying currencies.

* Investors should conduct their own research before investing in this product.