ETRACS, the exchange traded notes (ETN) issuing arm of Swiss banking major UBS AG, has launched a leveraged S&P tracking ETN that resets its holdings every month. The ETRACS Monthly Reset 2X Leveraged S&P 500 Total Return ETN (SPLX) will reflect the monthly compounded 2X, or 200 percent leveraged performance of the S&P 500 Total Return Index. The S&P 500 …
New ETFs On The Block: Barclays Shiller CAPE ETN
Barclays Bank has launched a new exchange traded note, the Barclays ETN+ Shiller CAPE ETN (CAPE), a senior unsecured debt security that tracks the Shiller Barclays CAPE US Core Sector Index. The index incorporates the Cyclically Adjusted Price Earnings Ratio or CAPE methodology and provides notional long exposure to four comparatively undervalued US equity sectors that have exhibited strong price …