ETN
ETN stands for exchange-traded note, a debt security investors can hold until maturity.
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Expanded Definition
ETNs are purchased from banks. Investors use them to get the returns of a benchmark or strategy, minus fees. ETNs can be traded like a stock, but they have a maturity date and are backed by the issuing bank.
Check out the Related Fool Articles below for help in determining how an ETN differs from an ETF, aka exchange-traded fund.
Related Fool Articles
- When Is an ETF Not an ETF?
- Investing on a Sour Note
- ETFs' Newest Rival
- A New Threat to Trendy Investors
Related Terms
- ETF, exchange-traded fund
- Debt security
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