Bringing you live news and features since 2006 

Two fingers

UBS ETRACS launches 2x leveraged version of non-energy MLP ETN


UBS Investment Bank has launched the ETRACS Monthly Pay 2x Leveraged Wells Fargo MLP Ex-Energy ETN (LMLP), which is linked to the monthly compounded 2x leveraged performance of the Wells Fargo Master Limited Partnership Ex-Energy Index.

UBS says the new ETN provides significant income potential in the form of a variable monthly coupon linked to 2x the cash distributions, if any, on the index constituents.
There is a monthly compounded 2x leveraged exposure to the Wells Fargo MLP Ex-Energy Index, less investor fees.
There is 2x exposure to an index comprised of publicly traded companies organized as either a limited liability company or limited partnership that derive a majority of their income from non-energy related activities.
“We are pleased to offer investors the opportunity to obtain 2x leveraged exposure to the Wells Fargo Master Limited Partnership Ex-Energy Index,” says Christopher Yeagley, head of ETRACS. “We expect LMLP to provide significant income potential.”

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
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