Products 

Exchange Traded Funds (ETFs) are passively managed index funds that are listed and traded on a securities exchange.

Exchange Traded Notes (ETNs) are the latest innovation designed to provide investors with a new way to access difficult to reach markets through a listed and traded instrument.

ETFs and ETNs share several characteristics, for example, they are both listed on an exchange and like an index fund they are linked to the return of a reference index or price.