Kyle Waller

139 Names on ETF Deathwatch

genex,

When an ETF is closed, there is a process over a month or two of the fund liquidating its shares. At that time the ETF does not have to maintain its objective since it is in the process of liquidation. At the closing time, the ETF will liquidate all its shares and the an investor holding the ETF will receive the NAV for the ETF at that time.

An ETN is similar to an unsecured debt obligation, so an investor holding an ETN is open to credit risk and is guaranteed nothing.