These are new, and look to be a much more tax efficient way than ETFs for LTBH investors to gain commodoties exposure: http://www.ipathetn.com/index.jsp. Anyone kick the tires yet? To me, the biggest risk looks like Barclay's credit risk (they're AA rated), as you're actually buying their debt. I may well be overlooking something big, though, so I'd be quite curious to hear others' thoughts.
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