Tue - April 15, 2008ETNs - the New Kid on the BlockThe proliferation and popularity of
exchange traded funds (ETFs) is not going to top out anytime soon.
The advantages (for many at least) over selecting individual common shares or
commodities is far too
great.
But there is a new kid on the block - exchange traded notes (ETNs). First introduced by Barclays Bank PLC of London in 2006, ETNs are debt instruments linked to an index (,unlike ETFs, which are generally equity investments linked to an index). Barclays Global Investors of San Francisco now offers 16 iPath ETNs, and other investment banks are following suite. UBS Investment Bank introduced 8 ETNs earlier this month. While some see ETNs as a threat to to ETFs and mutual funds, we see them as complementary. As we restructure this site to include more coverage of global opportunities in ETFs, we'll no doubt include ETNs as well. To date our pool of ETFs in Canada is fairly small, and the number of ETNs is nil. For that reason we hope to discuss other opportunities here for those who opt for ETFs and ETNs as their investment vehicle of choice. More info on ETNs: http://en.wikipedia.org/wiki/Exchange_Traded_Notes Posted at 09:39 AM |
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Commentary and opinions expressed by Charles P. Whaley within this newsletter/blog reflect only his views and may be in conflict with the views or official releases of any company or organization mentioned. While every attempt is made to use reliable sources and ensure proper and consistent data gathering and analysis, we cannot guarantee completeness, adequacy, accuracy or reliability of any part of this online publication. Furthermore, the performance of equities and indexes discussed herein is based on historical data. As such, there is no assurance that any identified trends discussed here will persist.
Canadian ETF Review is an information resource, not an investment advisory service. The information contained in this publication is not intended to be, nor should be construed to be a recommendation for purchase or sale of securities of any kind. The opinions expressed are based on interpretation of available information, and are subject to change. No material contained in this publication may be reproduced in whole or in part without the written permission of the publisher. © Charles P. Whaley & ProfiTrend Enterprises, 1997-2007. ALL RIGHTS RESERVED.
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Published On: Apr 15, 2008 09:47 AM |
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