TDX/db-X, WisdomTree, and VelocityShares Changes
Sponsors of ETPs have been very busy lately making changes to their existing line-ups. Deutsche Bank renamed the five TDX target date ETFs last Friday (6/17/11), WisdomTree made various name, ticker, and index changes to seven of its ETFs yesterday (6/20/11), and two VelocityShares ETNs will undergo...
Leveraged BDC ETN With 14.6% Yield Launched
Just a month ago, UBS introduced the first ETP focusing on Business Development Companies. Now they are upping the ante with a leveraged version. The UBS ETRACS 2x Leveraged Long Wells Fargo Business Development Company ETN (BDCL) began trading 5/25/11, will reset its leverage monthly, and will pay...
PowerShares 3x Dollar ETNs Arrive
PowerShares rolled out the first 3x leveraged currency exchange-traded products earlier this week (5/24/11). PowerShares DB 3x Long US Dollar Index Futures ETN (UUPT) and PowerShares DB 3x Short US Dollar Index Futures ETN (UDNT) will track leveraged multiples of the Deutsche Bank Long U.S. Dollar...
BXDD Bites The Dust
The first ETP closure of 2011 is now upon us. After a four-month streak with no fatalities, a Barclays ETN will have its final day of trading Wednesday (5/4/11). The Barclays ETN+ Short D Leveraged Exchange Traded Notes Linked to the Inverse Performance of the S&P 500 Total Return Index (BXDD)...
Exposure To Business Development Companies Now Available Via BDCS ETN
UBS introduced new exchange-traded notes today (4/28/11) linked to both the price and yield performance of the Wells Fargo Business Development Company Index. The UBS E-TRACS Wells Fargo Business Development Company ETN (BDCS) intends to issue quarterly coupons based on distributions of the underlying...
Barclays Offers New Variation of 19 Existing Commodity ETNs
Barclays rolled out 19 new commodity-based exchange-traded notes (ETNs) last Thursday (4/21/11). The 18 new Pure Beta products attempt to track the same commodities as 18 existing iPath ETNs, the primary difference being the process used by each underlying index to roll future contracts. The iPath...
PowerShares and DB Team Up On New Foreign Bond ETNs
Invesco PowerShares and Deutsche Bank last week (3/23/2011) announced the first family of single-country sovereign debt ETNs. Six new exchange-traded notes (“ETNs”) offer long exposure to German, Italian, and Japanese bonds. Each country has a unleveraged ETN as well as a 3x leveraged version. ETNs...
Morgan Stanley Becomes ETN Issuer With New MLP Product
Morgan Stanley (MS) last week issued its first ETN (exchange-traded note) products listed for U.S. investors. The Morgan Stanley Cushing MLP High Income ETN (MLPY) began trading 3/17/2011 and will track a customized index of Master Limited Partnerships (MLPs). The underlying criteria-weighted index...
CSMB: Merger Arbitrage Times Two
If Credit Suisse Merger Arbitrage Liquid Index ETN (CSMA) is just not aggressive enough for your tastes, you’re in luck. Now you can buy 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index ETN (CSMB), which began trading on Tuesday (3/8/11). CSMA came out back in October. You may...
TBAR Captures Long-Term Gold Bar Trends
The Royal Bank of Scotland today (2/22/11) rolled out the third product in its U.S. lineup with the introduction of the RBS Gold Trendpilot ETN (TBAR). Performance for the new exchange-traded note (ETN) is linked to an index that tracks gold bullion when it is in a long-term uptrend and tracks T-bills...
