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What is an ETF or ETN? : Guide to Exchange Traded Funds and Notes versus Mutual Funds

By: Steven Kim

...popular benchmark of the market. Even for a straightforward task of this sort, the actual performance of the vehicle may differ a great deal from the perceptions of the investing public. A case in point is an ETF whose putative goal is to track the price of crude oil. Sadly, though, the vehicle has a custom of trailing behind its quarry by a woeful amount with each pas...

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