Has anyone invested in ETN before? Better than Nasdaq?

Discussion of the Stock portion of the Permanent Portfolio

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Henryinroad
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Has anyone invested in ETN before? Better than Nasdaq?

Post by Henryinroad » Mon Sep 07, 2020 7:36 am

G'day guys, so Im planning to buy : FNGS +1x FANG+ ETN

Factsheet:
https://c5f7b13c-075d-4d98-a100-59dd831 ... 874a54.pdf
Issuer:
https://www.microsectors.com/fang

The reason I am interested is this has highest concentration of FAANG compared to QQQ, and I cant minmic the composition by buying each of the stock myself due to high stock price of one share.

Though I am doubtful about the risk of ETN:
1) "Daily Investor Fee: 0.58% - The Daily Investor Fee is a per annum number that accrues on a daily basis."
Does that mean I would be charged $0.00158 ($0.58 / 365 days) daily?

2) "“Bank of Montreal” is the Issuer and the maturity date is January 08, 2038,
If I hold the ETN until maturity date, Bank of Monetreal will repay me the value of the ETN according to the NAV on maturity date?

3) Is ETN suitable for long term holding for 10 years? Is there anything dodgy a newbie investor need to be aware of?

Totally new to this, much appreciated for any thought
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