UBS Investment Bank has rolled out a pair of ETRACS Exchange Traded Notes linked to the Dow Jones U.S. Select Dividend Index and the S&P High Yield Dividend Aristocrats Index.
The ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN (DVYL) and ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN (SDYL) provide 2x leveraged exposure to the indexes and monthly leverage resetting to investors, among other benefits, according to the firm.
"Enhanced yield potential and monthly distributions are key differentiators of our latest ETRACS offering" stated Chris Yeagley, US Head of Equity Structured Products. "Yield-oriented investors now have access to these innovations in convenient exchange-traded securities."
Hung Tran writes for Money Management Executive.