Fund Types

Exchange-Traded Note

Definition

What is Exchange-Traded Note?

An unsecured debt instrument whose return tracks an index or strategy, subject to issuer credit risk.

Example in practice

An ETN tracks a commodity index but remains a debt obligation of the issuing bank.

Keep learning

A mutual fund that invests mainly in short-term, relatively liquid instruments such as treasury bills and deposits.

A fund that invests primarily in shares and seeks long-term capital growth.

A fund focused on income-producing debt securities such as government and corporate bonds.

A single, relatively large investment made at one time instead of through repeated contributions.

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