FYI: Investors typically use the term “ETF” to mean a lot of things that aren’t technically “exchange-traded funds”: commodity pools, grantor trusts and debt securities.
We’re guilty of this too: After all, this is ETFR, but we cover all types of products. It’s the term of art, so we’ll roll with it.
The most important of these structures to understand is the exchange-traded note (ETN).
Regards,
Ted
https://www.etf.com/publications/etfr/defining-etn-vs-etf
