UBS today is launching another ETN to its lineup in the form of a 2x levered version of a fund it launched earlier this month called the Etracs Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (LMLP), according to an NYSE Arca communique.
Both ETNs isolate companies that are structured as MLPs, but aren’t associated with the energy sector.
Each ETN has an annual fee of 0.85 percent, or $85 for each $10,000 invested.
Recon Capital Advisors has put into registration a pair of ETFs to invest in U.K. and German equities at a time when the equity markets in both regions either still have legs or have the potential for outsized returns.
That’s because the European Central Bank and the Bank of England have both signaled that they are likely to keep short-term interest rates low for the foreseeable future.
The Recon Capital FTSE 100 ETF (UK) will track the FTSE 100 Index, which is a free-float adjusted, market-capitalization-weighted index, consisting of the common stock of the 100 companies listed on the London Stock Exchange with the highest market capitalization, according to a regulatory filing.
Also, the Recon Capital DAX Germany ETF (DAX) will track the DAX Index, consisting of shares of the 30 largest German companies in terms of liquidity and market capitalization admitted to the Frankfurt Stock Exchange, according to its regulatory filing.
Associated fees were not yet made available for the funds.