Question 1
(Topic 1)
Miranda shared with the financial advisor Siddharth that her friend advised her to buy ETNs, because they have no annual fee, are free of tracking error and credit risks, and the bank guarantees their investment performance. Which part of Miranda’s statement describes ETNs correctly?
Select an option, then click Submit answer.
- ○ ETNs are free of credit risk.
- ○ ETNs are free of tracking error risk.
- ○ ETNs’ investment performance is guaranteed by the bank.
- ○ ETNs have no annual fee.
