Introduction to What to Know about Exchange-Traded Notes
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Exchange-traded notes (ETNs) are similar to traditional exchange-traded funds but still differ in substantial ways.
What you will learn
- Overview of Exchange-Traded Notes
- Premiums and Discounts of Exchange-Traded Notes
- Taxation of Exchange-Traded Notes
- Risks, Upsides and Downsides of Exchange-Traded Notes
What do you know?
Introduction to What to Know about Exchange-Traded Notes
Exchange-traded notes (ETNs) are similar to traditional exchange-traded funds (ETFs), but there are differences, which we will look at shortly. ETNs are actually unsecured promissory obligations issued with the backing of a financial institution. But what does this really mean?
Let's take a quick look at the similarities and differences between the two products.