| As the ETF world has grown by leaps and bounds in recent years, a variety of products have hit the market giving investors exposure to a number of sectors across the globe. While the vast majority of these products are exchange-traded funds, a few are what is known as exchange-traded notes or ETNs.
These notes are structured as senior, unsecured, unsubordinated debts issued by a major bank. These notes have a maturity date and are built to give investors exposure to various benchmarks—be it in the commodity, equity, or bond space—less investor fees...............................................Full Article: Source
|