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Credit Suisse launched its Gold Shares Covered Call ETN GLDI today. It will have notional...

Credit Suisse launched its Gold Shares Covered Call ETN GLDI today. It will have notional exposure to the bullion ETF SPDR Gold Shares (GLD) coupled with an overlay of call options, and will come with an expense ratio of 0.65%.
Comments (1)
  • hahaha48
    , contributor
    Comments (1034) | Send Message
     
    do not buy this etn.
    remember Lehmen Brothers.
    If Credit Suisse went billy up you will lose everything
    There is no reward for taking this risk at all.
    If you want to you can long GLD and short the call option yourself.
    30 Jan 2013, 01:35 AM Reply Like
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