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UBS Unveils 2X Business Development ETN

UBS has launched a double-exposure exchange-traded note focused on business development companies.

UBS has launched a double-exposure exchange-traded note focused on business development companies (BDCs). The UBS 2X Leveraged Long Wells Fargo Business Development Company ETN began trading on the NYSE Arca.

It provides leveraged exposure to business development companies through a single investment. The ETN will track the ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index.

Click here for the release from Business Wire.

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