Feb 20, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Everything You Want To Know About Exchange Traded Notes (ETNs)

Posted: 20 Feb 2010 04:01 PM PST

Exchange traded notes (ETNs) are often referred to as the cousin of exchange traded funds (ETFs). Like ETFs, they trade all day on exchanges, tout low fees and give access to challenging areas of the market. But they differ in some important ways.

What Are ETNs?

ETNs are debt instruments backed by the full faith and credit of the issuer. They follow an underlying index or product and anyone can buy them. Since they are debt, if the issuer goes bankrupt, you become another creditor and … [visit site to read more]
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