Exchange-Traded Notes (ETNs)
Interactive

Exchange-Traded Notes (ETNs)

Intuition Publishing
Updated Sep 25, 2020

ETNs are senior, unsecured, debt obligations that combines elements of both bonds and exchange traded funds (ETFs). They offer investors the advantages of leverage, reduced taxation, zero tracking error, and access to hard-to-reach exposures. Here we explore the key features of ETNs and the benefits and risks for investors.