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.
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