| From Businessinsider.com: As the universe of exchange-traded products has expanded considerably in recent years, investors have become more aware of the nuances between the various types of investment vehicles. Under the “ETF umbrella” are a number of product structures that aren’t true 1940 Act exchange-traded funds, including unit investment trusts (UITs) and grantor trusts.
Also included are exchange-traded notes (ETNs), debt securities that are similar in many ways to their ETF cousins but very different in others..............................................Full Article: Source
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