Seeking Alpha

Levered multi-asset income fund to launch

  • 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.
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