Bringing you live news and features since 2006 

NYSE

UBS ETRACS launches 2x Leveraged US Small Cap High Dividend ETN

RELATED TOPICS​

UBS Investment Bank has launched the ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN on the NYSE Arca trading under the ticker SMHD.

SMHD is linked to the monthly compounded 2x leveraged performance of the SolactiveUS Small Cap High DividendIndex (the Index).

According to UBS, SMHD offers investors:

• Significant income potential in the form of a variable monthly couponlinked to 2x the cash distributions, if any, on the Index constituents.

• Monthly compounded 2x leveraged exposure to the Solactive US Small Cap High Dividend Index, less investor fees.

• 2x exposure to an index comprised of small cap publicly traded stocks with relatively high dividend yields compared to other small cap publicly traded stocks in the US market.

“We are pleased to add another innovative product to our suite of ETNs”, said Christopher Yeagley, Head of ETRACS. “We expect SMHD to provide significant income potential.”

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