##  [# Global X, UBS Launch ETF, ETNs](/sections/daily-etf-watch/global-x-ubs-launch-etf-etns) 

 

# Global X, UBS Launch ETF, ETNs

 

 

The new products include one ETF from Global X and four ETNs from UBS.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Jun 03, 2020

 Edited by: Heather Bell

 

 

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Today Global X rolled out an actively managed emerging bond ETF. The [**Global X Emerging Markets Bond ETF (EMBD)**](https://www.sec.gov/Archives/edgar/data/1432353/000143235320000213/embd497k.htm) invests primarily in fixed-rate and floating-rate debt issued by private and public entities.

EMBD comes with an expense ratio of 0.39% and lists on the NYSE Arca.

The fund caps issues from any single country at 20% of the portfolio. Its managers select the securities in the portfolio based on macro views and fundamental research.

There are five other actively managed ETFs listed on U.S. exchanges, but EMBD is the cheapest by almost 20 basis points.

**UBS Adds 5 Leveraged ETFs**  
 The UBS ETRACS ETN lineup was devastated by the market downturn, with nearly 20 mostly leveraged products closed down or delisted.

The family added another four ETNs today. The new products only offer 1.5x leverage on their respective underlying indexes, with the resets occurring quarterly or monthly rather than the usual daily. While this reduces the potential for outsized returns, it also limits the volatility associated with leveraged products.

The new additions include the following:

- [**ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX)**](https://www.sec.gov/Archives/edgar/data/1114446/000119312520158854/d919267d424b3.htm)
- [**ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD)**](https://www.sec.gov/Archives/edgar/data/1114446/000119312520158856/d927776d424b3.htm)
- [**ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR)**](https://www.sec.gov/Archives/edgar/data/1114446/000119312520158855/d919248d424b3.htm)
- [**ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL)**](https://www.sec.gov/Archives/edgar/data/1114446/000119312520158858/d882185d424b3.htm)

The underlying indexes cover business development companies, closed-end funds, MLPs and mortgage REITs.

*Contact Heather Bell at* [*hbell@etf.com*](mailto:hbell@etf.com)



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Emerging Markets](http://www.etf.com/topics/emerging-markets) 

 [Active Management](http://www.etf.com/topics/active-management) 

 [Alpha-Seeking](http://www.etf.com/topics/alpha-seeking)