UBS Investment Bank has launched the ETRACS Monthly Pay 2x Leveraged Diversified High Income ETN (DVHL) on the NYSE Arca.
DVHL is linked to the monthly compounded 2x leveraged performance of the NYSE Diversified High Income Index, reduced by investor fees.
“We are very excited about the NYSE Diversified High Income Index,” says Paul Somma, senior ETRACS structurer. “Since its inception, the index has delivered attractive returns and significant yields from a highly diversified asset pool. DVHL provides investors with 2x access to this compelling index that marries significant income potential and diversification, and further cements ETRACS’ reputation as a leading innovator of income-generating products.”
