Dump Deutsche Bank ETNs Now

Unlike exchange-traded funds (“ETFs”) and mutual funds, which are legally structured as stand-alone entities, exchange-traded notes (“ETNs”) are debt obligations of the issuer. What is more, they are “unsecured” debt obligations without any type of collateral....

Lights Going Out For OFF and ONN

The creators of UBS AG ETRACS Fisher-Gartman Risk On ETN (ONN) and UBS AG ETRACS Fisher-Gartman Risk Off ETN (OFF) thought these ETNs would live for 30 years and set the due date accordingly.  However, the November 27, 2041 maturity will never be reached.  Their...