Barclays Capital lists first Asia ETN

Barclays Capital yesterday announced the listing of its iPath Dow Jones-UBS commodity index total return exchange-traded note (ETN) on the Singapore Exchange, the first ETN in Asia (including Japan). The UK bank has offered iPath ETNs -- senior, unsecured, unsubordinated debt securities linked to the performance of an index -- in the US since 2006, where they have reached $5 billion in market capitalisation. They are designed as simple, transparent, cost-efficient instruments that c…