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UBS launches ETN with leveraged exposure to international real estate securities

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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.”

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