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ISE partners with UBS to launch two ETNs


The International Securities Exchange (ISE) has launched two new indexes, the ISE Oil Futures SpreadTM Index (Ticker: GZN) and the ISE Natural Gas Futures SpreadTM Index (Ticker: GYY). These new indexes track continuous exposure to oil futures prices and natural gas futures prices, respectively, using packaged calendar spread strategies.

In addition, ISE has partnered with UBS to launch two exchange-traded notes (ETNs) linked to these indexes.  ETRACS Oil Futures Contango ETN (Ticker: OILZ) and ETRACS Natural Gas Futures Contango ETN (Ticker: GASZ) are the first ETNs to provide investors with exposure to futures-based calendar spread strategies in the oil and natural gas markets. Both products began trading on NYSE Arca on June 16, 2011.

"Our new partnership with UBS and the launch of two ETNs based on ISE’s strategy-based futures indexes mark significant achievements for our index business," says Kris Monaco (pictured), Head of New Product Development at ISE. "We are excited to collaborate with UBS to meet the growing marketplace demand for exchange-traded investment vehicles that provide investors with exposure to sophisticated packaged investment strategies. By broadening our product offering to include both strategy-based indexes and futures-based indexes for the first time, we continue to expand our unique portfolio of indexes that serve as actionable investment strategies for exchange-traded funds (ETFs), ETNs and structured products."

Historical index values, real-time pricing information and methodology guides for the new indexes are available on ISE’s website at
In addition to the new ETNs, there are currently 10 ETFs based on ISE’s proprietary indexes. Aggregate assets under management (AUM) for the associated funds is approximately USD1.3 billion.


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