Levered multi-asset income fund to launch

|By:, SA News Editor

Launching tomorrow from UBS is the Etracs Monthly Pay 2x Leveraged Diversified High Income ETN (DVHL) - the double-exposure version of its DVHI which opened in September.

The tracked index includes MLPs, BDCs, REITs, and preferred equity, among other securities, and is split 60/40 between equity and bonds.

Multi-asset income funds have become a popular product in the last 18 months, the largest being Guggenheim's CVY with AUM of nearly $1.2B.

Others: MDIV, INKM, IYLD, GYLD, HGI.

CVY and the others are ETFs, while UBS's offerings are ETNs.