Abstract
In the financial markets, an increasing attention is being paid to the exchange-traded products (ETPs). An ETP is a derivatively priced security which trades during the day on a national stock exchange. ETPs are typically benchmarked to indices, stocks, commodities, or may be actively managed. There are several different types of ETPs: most common are ETFs (exchange-traded funds); ETCs (exchange-traded commodities); ETNs (exchange-traded notes). First, this work aims to analyze the differences between ETFs and traditional investment funds. An ETF is an investment fund traded on stock exchanges like stocks. Then, specific attention is drawn on the strict connection between some types of ETPs (i.e., ETCs and ETNs), derivatives and asset-backed securities. ETCs and ETNs are debt securities issued by the financial practice of securitization by a special purpose vehicle. Finally, this paper focuses about problems relating to securities derivatives in Italian law.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
