UBS launches its leveraged S&P 500 ETN

|About: UBS ETRACS Monthly Rese... (SPLX)|By:, SA News Editor

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