Seeking Alpha

UBS launches its leveraged S&P 500 ETN

  • The ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN (SPLX) joined the market this morning.
  • With over 50 2x domestic equity ETPs, SPLX will differentiate itself from the pack by only offering 12 leverage reset events each year, while most funds offer daily resets.
  • With an expense ratio of 0.85%, this is the company's second 2x S&P 500 ETN, with the ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN (SDYL) turning two in May.
  • Other S&P 500 ETPs: SPY, SH, SSO, SDS, IVV, VOO, SPXU, UPRO, SPXL, RSP, RWL, EPS, BXUB, TRND, SFLA, BXUC, BXDB
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