Exchanged Traded Notes (ETN)

In mid 2006, the exchange traded fund (ETF) world welcomed the birth of their new cousin, the exchange traded note (ETN). On the surface, they can look like very similar products, but as you look closer they start to look more like distant cousins rather than first cousins. Let’s take a closer look into the new world of exchange traded notes.

Leveraged ETFs—Buyer Beware

Leveraged ETFs are a relatively new kind of ETF that are designed to deliver double (2x) or triple (3x) the return (long) or the inverse return (short) of their respective indexes or market sectors they are attempting to track.