学员提问：V2 # Exchange-traded fund 问题

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littlem 提问于2年之前

Which of the following statements about ETNs are you most likely to agree with? (Chapter. 19)
A. ETNs have greater tracking error than ETFs do.
B. ETNs are not subject to call or early redemption risk.
C. They are debt obligations issued by investment dealers.
D. They pay a return based on the performance of an index or benchmarks.

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panda 老师回答于2年之前

答案：D
解析：ETNs are not investment funds—they are debt obligations issued by a bank. 所以C错误。 These securities promise to pay investors a return on their investment based on the performance of an index or other benchmark.