FIEE
UBS AG FI Enhanced Europe 50 ETNFIEE Fund Description
FIEE tracks a 2x leveraged version of an index of 50 mega-cap European companies derived from the STOXX 600 Index.
FIEE Factset Analytics Insight
FIEE provides 2x quarterly returns on the STOXX Europe 50 USD Index of 50 mega-cap European firms. The geographic coverage here is “Europe” not “euro”, so the U.K., Switzerland and Sweden are part of the mix. The note's leverage resets quarterly, so unless you buy on a reset date (the first trading day of each calendar quarter) your exposure to the index won't exactly equal 2x. Also, holding the note beyond the next reset date means exposing yourself to the path-dependency issues that all leveraged ETPs have. (Unlevered exposure can be had with SSgA’s FEU).FIEE is expensive to hold, but as a short-term trading product, the note's trading costs may be more significant. As an ETN, FIEE does not hold any underlying assets and is backed only by the full faith and credit of UBS. The FI in the note's name stands for Fisher Investments, for whom the product was created. Also consider FEEU, a near-identical product from Barclays which tracks the same index and resets its leverage based on price-level triggers rather than a fixed schedule.
FIEE Charts And Performance
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
FIEE Summary Data
FIEE Portfolio Data
FIEE Index Data
FIEE Fund Structure
FIEE Tax Exposures
FIEE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FIEE. FIEE is rated a N/A out of 5.
FIEE Tradability
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use