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.