iPath Pure Beta Aluminum ETN
FOIL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Apr 21, 2011
- Website
- barclaysinvestments.co.uk
- Similar Companies
- Business
- Barclays Bank PLC issues the iPath® Pure Beta Aluminum ETN (FOIL), an exchange-traded note that provides exposure to aluminum futures contracts through the Barclays Pure Beta Aluminum Index; this senior, unsecured debt security tracks monthly rolls of aluminum futures on the London Metal Exchange, offering investors targeted commodity performance without physical ownership, subject to an investor fee and Barclays' credit risk. The ETN, part of Barclays' broader iPath® series covering commodities, volatility, equities, and MLPs, operates primarily in U.S. markets via NYSE Arca listing and serves institutional and retail investors seeking pure beta commodity strategies. Headquartered in London, United Kingdom, with key investment banking operations in New York, Barclays launched the iPath ETNs platform around 2006-2007 as part of its structured products division. The iPath® Pure Beta Aluminum ETN features a structure allowing early redemption by holders under specific conditions prior to maturity, though issuer call options enable Barclays to redeem outstanding notes at its discretion; it carries no principal protection, exposes investors to full index downside, and has historically shown low assets under management with limited trading volume. In a significant recent development, Barclays announced on June 12, 2025, its intention to exercise the issuer call option and fully redeem the FOIL series, alongside three other iPath® ETNs, on June 25, 2025, following a cash tender offer and consent solicitation that amended the indenture to facilitate this redemption. Holders receive cash based on the Closing Indicative Note Value as of June 17, 2025, with no further holder redemptions accepted post-announcement; this action reflects Barclays' ongoing series-wide wind-downs of legacy iPath® ETNs, including prior redemptions of 21 series in 2023 and others in earlier years, amid low liquidity and strategic portfolio rationalization.