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What Is an Exchange-Traded Note (ETN)?

By Lee Samaha – Updated Dec 13, 2024 at 10:18AM

Key Points

  • ETNs offer unique exposure to strategies like covered calls, allowing access to assets that are complex to replicate individually.
  • ETNs are riskier than ETFs due to their reliance on the financial health of the issuing bank.
  • The value of ETNs can decline despite asset performance if the market doubts the issuer's financial stability.
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