The following three products are collectively referred to as ETPs (Exchange-Traded Products), also known as "on-exchange traded funds."

ETF (Exchange-Traded Fund)

ETFs combine the advantages of closed-end funds, such as real-time intraday trading, allowing investors to buy and sell ETF shares on the secondary market like stocks or closed-end funds. They also retain the benefits of open-end funds, such as the ability to freely subscribe and redeem shares. Additionally, ETFs feature a unique in-kind creation and redemption mechanism.

ETN (Exchange-Traded Note or Exchange-Traded Bond)

ETNs are typically debt instruments issued by investment banks. Their returns are linked to the performance of a specific index, minus necessary fees. They usually do not pay fixed interest and do not guarantee the principal, making them a type of structured product.

ETC (Exchange-Traded Commodity)

ETCs generally track the performance of a single commodity or a basket of commodities or currencies, with their yields tied to the underlying assets.