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What is an ETN Definition Wednesday, July 10, 2:40 PM ET
An ETN is an exchange traded note which is issued by a bank. The goal is to give an investor a return that tracks particular benchmarks, minus fees.
The difference between and ETN and an ETF is that there is counterparty risk with the bank issuing the ETN and therefore, the ETN could lose value in the event of a bankruptcy of the issuer. An ETN doesn't actually own the holdings they are following. As with ETFs, ETNs are traded on exchanges, and can be sold short.
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