Seeking Alpha

UBS Launches New ETRACS ETN

  • The ETRACS Monthly Pay 2xLeverage Closed-End Fund ETN (CEFL) features a double-exposure strategy focused on closed-end funds and will shoot off a dividend of 19.4%.
  • This newest addition to the UBS lineup has been described as a double-exposure version of the YieldShares High Income ETF (YYY), which launched earlier this year and has a yield of 10.4%.
  • Other multi-asset ETPs: CVY, PCEF, MDIV, IYLD, GYLD, INKM, DVHL, GCE, DVHI, RIGS, YDIV
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Comments (1)
  • jrs03n
    , contributor
    Comments (70) | Send Message
     
    Does anyone know when distributions start?
    3 Jan 2014, 02:26 PM Reply Like
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