| In the passive world (and, in particular, ETFs), if there is a stock or bond index, it can be tracked – either physically by trackers buying up shares or synthetically through the purchase of derivatives.
But the expansion of this universe into areas such as commodities and unsecured debt instruments means the once simple ETF acronym has been expanded to include ETCs (exchange-traded commodities), ETNs (exchange-traded notes) and the ‘catch-all’ term ETIs (exchange-traded instruments)...............................................Full Article: Source
|