UBS has launched a pair of exchange-traded notes focused on Internet-related initial public offerings. The two funds, known as ETRACS ETNs, are the ETRACS Internet IPO ETN and the Monthly 2xLeveraged ETRACS Internet IPO ETN.

The ETNs will track the performance of the UBS Internet IPO Index, comprising 20 social networking, Internet software and Internet services stocks. Both Internet IPO ETNS are traded on the New York Stock Exchange.

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