UBS ETRACS S&P 500 Gold Hedged Index ETN

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SPGH Description
UBS ETRACS S&P 500 Gold Hedged Index is designed to track the performance of the S&P 500 Gold Hedged Index, less investor fees. The S&P 500 Gold Hedged Index seeks to simulate the combined returns of investing equal dollar amounts in the S&P 500 Total Return Index and long positions in near-term exchange-traded COMEX gold futures contracts, and is rebalanced monthly. The ETN is designed to provide exposure to U.S. large-cap equities, as represented by the S&P 500 Total Return Index, along with a potential hedge against periodic declines in the value of the U.S. dollar, as expressed in the corresponding increases in the price of gold.
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Country: United States
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