Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:WSJ Notes ETNs' Fall from Favor Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 11, 2008

WSJ Notes ETNs' Fall from Favor

by: Armie Margaret Lee

In Tuesday's Wall Street Journal Fund Track, Shefali Anand writes that assets in exchange-traded notes have dropped to $3.9 billion from their June peak of $7.3 billion, with investors yanking 16 percent of assets during the past two months while the rest of the decline stems from market losses.

Trouble started brewing when currencies and commodities markets began falling in the summer. Then came September, and ETNs were dealt a huge blow when Lehman Brothers Holdings filed for bankruptcy. (Lehman earlier this year rolled out ETNs to track commodities and a private equity index.)

Anand notes that no new ETNs were launched after August (sixty-four were rolled out through June, almost triple the number for all of 2007, followed by three in August). But the drought may not last long, as some issuers, including Barclays and Deutsche Bank, remain optimistic about ETN prospects. Barclays, in fact, plans to unveil new products in the next couple of months. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use