30.05.2011 - Is NewGold an ETF or a more risky ETN?

When researching last week’s column on the differences between exchange traded funds (ETFs) and exchange traded notes (ETNs), I ran into some confusion in the industry over whether Absa’s NewGold ETF is, in fact, an ETF or whether it should be classified as an ETN, particularly since Standard Bank’s commodity products are ETNs. Clarification on this issue is important because:.............................................Full Article: Source

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