| 04.11.2008 - Investors sour on exchange-traded notes |
| From WSJ: The turmoil of the past few months has been tough on one of last year's most promising new investments: exchange-traded notes. ETNs, which are close cousins of exchange-traded funds, have been bleeding investor assets after being hit with a double whammy of credit jitters and declining commodity prices. Investors yanked about $460 million from the 90 ETNs tracked by fund researcher Morningstar in September, a chunk of their $5.5 billion in overall assets..... Full Article: Source |