Barclays Plc (BARC), the U.K.’s second-largest bank by assets, is selling an exchange-traded note tied to public companies with female executives, betting on demand for products that promote women in leadership.
The ETN tracks an index created by the London-based bank that follows the performance of U.S. firms with a female chief executive officer or a board of directors that’s at least 25 percent women, said Sue Meirs, Barclays’ chief operating officer for equity and funds structured-market sales. The Women in Leadership ETN will begin trading tomorrow.