Abstract
The success of Exchange Traded Funds coupled with innovation in the structured products industry sparked the development and growth of the Exchange Traded Note (ETN). The article reviews the structure of the ETN and reviews examples of how the ETN wrapper is providing investors new access to investment strategies and asset classes. The arbitrage mechanics and secondary market trading of ETNs are also highlighted.
- © 2008 Pageant Media Ltd
Don’t have access? Register today to begin unrestricted access to our database of research.