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First Zero Fee ETNs Launching

TedTed
in The Bullpen
FYI: Charles Schwab and Barclays' iPath unit are the latest product issuers to fire shots in the ongoing ETF fee war. On Thursday, Schwab is launching three bond ETFs that cost just 0.06% each, while on Tuesday, iPath is rolling out the first no-fee ETNs to grace the market.

The iPath products will include the iPath Gold ETN (GBUG) and the iPath Silver ETN (SBUG). The former tracks the Barclays Gold 3 Month Index Total Return, while the latter tracks the Barclays Silver 3 Month Index Total Return.
Regards,
Ted
https://www.etf.com/sections/daily-etf-watch/first-zero-fee-etns-launching
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