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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.