ETN exchange-traded notes

Exchange-traded notes (ETNs) are debt securities based on the performance of underlying reference indices. Unlike exchange-traded commodities (ETCs), which have been tradable with Deutsche Börse since 2006, ETNs are based on indices outside the commodities sector.

ETNs enable investors to make cost-efficient investments in a new asset class as well as further diversify their portfolios. Deutsche Börse combines the ETC and ETN asset classes into the product class exchange-traded products (ETPs).