https://seekingalpha..._content=link-0
I like to read the articles of this author on Seeking Alpha.
Part of this author's practice when analyzing ETN's is to look into the different methods that fund managers use rolling futures positions and the rolling's effect on price performance of the ETN.
In several other articles it's been pointed out that when rolling all positions only into the unexpired front month there is usually negative roll yield while rolling into several unexpired futures month expirations produces a less negative/dangerous roll yield.
It's interesting that in this article the analyst abandons the usual cautious stance of going for the staggered roll ETN for the front rolled futures ETN.
Regards,
F&D