India ETN Tripped Up by Local Regulators

The iPath MSCI India Index ETN(INP Quote) was created as a liquid vehicle for investing in the Indian stock market.

As one of the few exchange-traded products that offers a pure play on one of the world's fastest-growing economies, it has been extremely popular, with about $1.11 billion in assets under management and average daily volume of 800,000 shares.

But since INP ran afoul of the local regulatory authority last fall, it hasn't been acting like itself.

INP is an exchange-traded note, a kind of senior, unsecured debt issued by Barclays(BCS Quote). Like exchange-traded funds, ETNs trade throughout the day on an exchange, making them easy to buy and sell. ...