Bringing you live news and features since 2006 

UBS launches ETN with leveraged exposure to international real estate securities


UBS Investment Bank has launched the ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN (RWXL) on the NYSE Arca.

RWXL is linked to the monthly compounded 2x leveraged performance of the Dow Jones Global ex-US Select Real Estate Securities Index (the “Index”), reduced by investor fees.

RWXL offers investors:

Monthly compounded 2x leveraged exposure to the Index, less fees, making it the only exchange-traded product with leveraged exposure to this index.

Significant income potential in the form of a variable monthly coupon linked to 2 times the cash distributions, if any, on the Index constituents, less any withholding taxes.

Global diversification resulting from 127 international real estate securities based in 22 countries.*

Convenience of a single, USD-denominated, exchange-traded security and USD-denominated income.

“This ETN is designed for investors who seek a high yield and are bullish on this Dow Jones international real estate index,” says Christopher Yeagley, Managing Director and US Head of Equity Structured Products. “RWXL offers high monthly income potential, international diversification and leveraged exposure to the index, all by way of a single, USD-denominated, exchange-traded security.”

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...
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