Exchange traded notes are fast becoming a hot political issue. The notes which have previously been available to only a small market have now become more accessible to the public. What is being dubbed as “Derivatives for the masses” have put a scare in the mutual fund industry. Barclays Plc started the product which is now offered by other competitors. It is said to be less regulated, have lower fees, and allow holders to defer taxable income unlike mutual funds.
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