skopros

Tough Times for ETF and ETN Providers

one burning question seems to me is: are the depositories of assets backing ETFs or ETNs a safe bet, when banks seem to creaking and cracking on the edge of a precipice. Is there any danger of a Barclays or JPM going over the edge--and taking the supposed underlying assets with them. it's an argument (or query) similar to rumors that funds such as GLD don't really have the physical gold to back their liabilities to shareholders if something blows up.

i'm finding it hard to get any real answers...maye i'm not asking the right questions. advice appreciated.