FYI: Today UBS rolled out another leveraged ETN under its ETRACS brand. The ETRACS 2xMonthly Pay Leveraged Preferred Stock ETN (PFFL) offers investors twice the monthly return of the Solactive Preferred Stock ETF Index and is set to mature on Sept. 25, 2048.
PFFL comes with an expense ratio of 0.85% and lists on the NYSE Arca.
Regards,
Ted
https://www.etf.com/sections/daily-etf-watch/leveraged-preferred-stock-etn-debuts
