ETNs: Just the FAQs, Ma’am
August 06, 2008 at 09:00 AM EDT
The overall concept behind exchange traded notes (ETNs) isn’t exactly new, although the form they take today is. An ETN is a debt instrument the issuer promises to pay a specified return, based on the market index’s performance, and they trade throughout the day like a stock. So far this year, 63 ETNs have launched. Morningstar [...]