About Barclays Bank PLC
This ETN was delisted after the market close on April 12, 2018, and now trades over-the-counter on the pink sheets. As a result, shareholders should anticipate ultra-wide spreads, minimal trading volumes, and prices well above or below NAVs. ICI has delivered decent returns over the past 12 months, but weakening investor interest makes it hard to recommend. The ETN`s carry trade strategy has short exposure to currencies with low interest rates and long exposure to those with high rates. Still, higher local interest rate does not necessarily mean an appreciating currency. ICI had decent returns, with low correlations to major asset classes as the bright spots. Investorsalready in short supplyhave headed for the exits as AUM has dipped. Weak interest shows up in trading data too: Spreads are wide, undercutting the advantage of a low fee.