Riskier Cousins of ETFs Are Shutting Down Like Never Before
- Exchange-traded notes face record liquidations, drop in assets
- Market volatility, wild price swings highlight ETNs’ dangers
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A risky corner of the exchange-traded universe is facing closings at the fastest pace ever.
So far this year, 54 exchange-traded notes have either liquidated or delisted, the most in a single year on record, according to data compiled by Bloomberg.