Do ETNs have principal protection?
Excuse me, I've been hearing a lot about ETNs lately and I'm curious about their risk profile. Could you clarify if ETNs offer principal protection? In other words, if the underlying asset or index declines in value, does the investor still retain the initial investment amount, or is there a risk of losing some or all of it? It would be helpful to understand this aspect of ETNs before considering them as an investment option.