20.02.2013 - ETFs vs. ETNs: Know what you’re buying
Exchange-Traded Funds (ETFs) have taken the investment world by storm. First introduced in 1993, by the end of 2012 ETFs had attracted some $1.3 trillion in assets. As a follow-up, investment banks have launched a slew of other exchange-traded products (ETPs) that are substantially more risky that the standard ETFs, but whose downside is seldom made clear to retail investors. One big source of potential confusion is ETNs (Exchange-Traded Notes). Introduced in 2008, these vehicles have already amassed some $500 billion in assets. But they are a far cry from ETFs. Below, we take a closer look at ETFs and ETNs, so you know what you’re getting into..........................................Full Article: Source
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