An ETN will be recorded like a Mutual fund, Index Fund, or ETF. Most closely an Index Fund.
- Exchange-traded notes (ETNs) are types of unsecured debt securities that track an underlying index of securities.
- ETNs trade on a major exchange like a stock.
- ETNs are similar to bonds but do not pay periodic interest payments.
- Investors can buy and sell ETNs and make money from the difference between the purchase and sale prices, minus any fees.
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