Lights Going Out For OFF and ONN

The creators of UBS AG ETRACS Fisher-Gartman Risk On ETN (ONN) and UBS AG ETRACS Fisher-Gartman Risk Off ETN (OFF) thought these ETNs would live for 30 years and set the due date accordingly.  However, the November 27, 2041 maturity will never be reached.  Their...

UBS Mortgage REIT ETP Yielding 27%

Yield seeking investors need to be aware of an exchange traded product (“ETP”) issued by UBS.  The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) is about a month away from its first anniversary but has already solidified its reputation as the highest...

Checking In On The MLPI-AMLP Taxman Trade

Three years ago today, investors received their first warnings about the problems of owning MLPs inside an ETF.  Unlike all the other ETFs that came before it, the Alerian MLP ETF (AMLP) from ALPS was the first ETF structured as a C-corporation and saddled with...