New ETFs On The Block: ETRACS Diversified High Income ETN (DVHI)

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ETRACS, the ETF issuing arm of Swiss banking giant UBS, has unveiled an exchange-traded note that seeks to provide high income through a diversified basket of equities and fixed income. Since the Federal Reserve has decided to continue the current pace of assets purchases, yields are likely to remain weak till the labor market improves and inflation remains benign. If …