Bringing you live news and features since 2006 

ISE partners with UBS to launch two ETNs

RELATED TOPICS​

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 www.ise.com/index.
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.

 

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by