ETFs v. ETNs: Part II, The ETN
ETNs (exchange traded notes) are only a couple years old but the idea has been around since the early 90s. They are "Structured Notes," a debt vehicle, usually with time to maturity of over ten years, where the issuer promises to pay the return of a set investment determined by the issuer, foreign currency is […]
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Casey Smith • August 25, 2008