Hi Kevin -- There are several difference between ETNs and ETFs.
ETNs make up less than 1% of the ETF/ETN products. A few of them have reasonable volume, but most do not. There can be tracking error (and arbitrage opportunity for major players) with ETNs. ETNs are not equities, or baskets of equities, they are swaps. As you point out, there is greater counterparty risk with ETNs. Thanks, Howard On Tue, Feb 23, 2010 at 10:57 AM, <[email protected]> wrote: > > > How about ETN's, shouldn't ETN's not have this issue?..... of course they > have other issues, like whether the underlying Bank stays in business.... > > Kevin > > >
