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Stock impact report

Barclays Announces the Launch of Pacer® iPath® Gold Trendpilot ETNs (Ticker: PBUG)

Barclays PLC (BCS) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC (“Barclays”) announced today the launch of the Pacer® iPath® Gold Trendpilot ETNs (the “ETNs”). The ETNs will track the performance of the Pacer Barclays Gold Trendpilot Total Return Index (the “Index”).“At Pacer Financial we are pleased to extend our relationship with Barclays by adding a second ETN that tracks gold,” says Sean O’Hara, President at Pacer Financial. “In addition to GBUG, a zero investor fee ETN that tracks the price of gold, Pacer and Barclays are adding a gold ETN that utilizes the Pacer Trendpilot methodology (ticker: PBUG).”"We are excited to further expand our iPath platform with today’s launch of the Pacer iPath Gold Trendpilot ETN. Not only does this reinforce our commitment to offering investors with innovative risk management solutions, but it also marks our second product partnership with Pacer Financial,” says Shilpa Akella, Managing Director and Head of Cross-Asset Structuring Americas. “This could not come a Show less Read more
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