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UBS launches ETN linked to S&P 500 Gold Hedged Index


UBS Investment Bank has expanded its UBS E-Tracs exchange-traded notes platform by adding an ETN linked to the S&P 500 Gold Hedged Index.

The UBS E-Tracs S&P 500 Gold Hedged ETN has begun trading on NYSE Arca under the ticker symbol, SPGH, and provides an accessible way to gain exposure to the S&P 500 while using gold as a hedge against declines in the value of the US dollar.

UBS is the first firm to launch investment products based on the S&P 500 Gold Hedged Index.

The fund provides protection if the US dollar continues to decline in value as expressed via the price of gold.

“Recent investor concerns about potential global inflation have led to an increased interest in gold-related products,” says Christopher Yeagley, managing director and US head of equity structured products. “The UBS E-Tracs S&P 500 Gold Hedged ETN enables investors to gain exposure to the US equity market, without the accompanying exposure to the US dollar. We are seeking to deliver real returns of the S&P 500.”

UBS has 11 other existing E-Tracs ETNs, ten of which track the performance of various UBS Bloomberg CMCI indexes, such as platinum, silver, gold, livestock and food, and one that tracks the total return of the Dow Jones-UBS Commodity Index.

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