These exchange traded notes have been a lowdown for investors.

Swedish Export Credit Corp (“SEK”) are the notes issue for a number of Rogers Commodities Index linked ETNs and have cease issuing new ETNs shares until SEK has filed a reinstatements of its IFRS financial statements with the SEC. Apparently the reinstatement has to do with its some technical errors for its marketing-to-market for its derivatives positions. SEK is expected to file the reinstatements by half of April (which is coming soon) before commencing issuing new shares for its ETNs. So this means that no arbitrate opportunity can be done and hence the share price is deviating away from its NAV. The last I checked, the share price is trading at a premium. Source: HERE

In the meantime, Credit Suisse announces the delisting of three of its ETNs on the NYSE Arca due to the lack of trading volume. Source: HERE

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