UBS Investment Bank has expanded its E-TRACS Exchange Traded Notes (ETNs) range. The new E-TRACS are linked to the Wells Fargo Business Development Company (BDC) Index.
The index consists of 26 BDCs and is a float adjusted, capitalization-weighted index, which is designed to measure the performance of BDCs that are publicly listed. The E-TRACS commenced trading on NYSE Arca.
Click here for the release from UBS.