WSJ: ETFs vs. ETNs-- You Better Know the Difference in Risk


When it comes to investment products, sometimes a slight difference in a name means a lot of difference in risk.

A case in point: The difference between an exchange-traded fund and an exchange-traded note.

“ETFs and ETNs are as different as a dog and a cat,” says Steve Hanke, professor of applied economics at Johns Hopkins University. “And if you get a bad ETN, then it could be a dog.”

Read more here.
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