ETN - Exchange Traded Notes

ETN (Exchange Traded Note) is a security issued by a bank. The value of an ETN is linked to the changes in the value of the underlying asset. ETNs offer the possibility to invest in asset classes that may otherwise be difficult to invest in as a retail investor, e.g. commodities. The underlying asset of an ETN can be, for example, an index, a share, a currency or a combination of these. ETNs offer a wide variety of possibilities for investors with different investment needs or market views.

ETN investments offer possibilities to gain returns in both rising and declining markets. They also offer the possibility to manage risk by diversifying in shares, currency or commodity market, or to hedge an existing portfolio.


Exchange Traded Notes


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Investing in securities involves risks. Securities can increase and decrease in value and there is no guarantee that you will get back your investment. Past performance is no guarantee of future returns. The contents of this document are subject to the disclaimer and copyright terms set out at <>.