Implicit leverage: Can accrued fees cause levered ETN returns?
A John, L DeVault - Finance Research Letters, 2023 - Elsevier
Abstract Exchange Traded Notes (ETNs) are unsecured debt obligations backed by the
credit quality of the issuing bank. These investments are designed to provide the return of an …
credit quality of the issuing bank. These investments are designed to provide the return of an …
[HTML][HTML] Effects of commodity exchange-traded note introductions: Adjustment for seasonality
This study investigates the impacts of the introductions of commodity exchange-traded notes
on the corresponding underlying commodity futures markets around their issuance …
on the corresponding underlying commodity futures markets around their issuance …
The valuation “by-tranche” of composite investment instruments
The return on composite investment instruments takes the form of weighted-average,
derived from two economic indicators or more. Three experiments illustrate that prospective …
derived from two economic indicators or more. Three experiments illustrate that prospective …