UBS’ New Leveraged CEF ETN with 19% Yields
December 13, 2013 at 16:29 PM EST
UBS Investment Bank, the issuer behind the ETRACS exchange traded notes, launched a new note based on closed-end funds that could generate robust yields, but investors should be comfortable with the leveraged aspect. The ETRACS Monthly Pay 2xLeveraged Closed Fund ETN (NYSEArca: CEFL) began trading...