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UBS Launches Leveraged Closed-End Fund ETF (CEFL)

By: ETFdb
Though U.S. equities started the week on a positive note, profit-taking pressures quickly set in following the S&P 500 index logging in its 39th record close for the year. On Monday, investors paid close attention to speeches by Federal Reserve bank presidents James Bullard and Richard Fisher, which indicated that the central bank may be ready to scale back its bond-buying purchases as early as this month. In Washington, Congress managed to reach a bipartisan budget agreement, which will provide two years of stability to fiscal policy; the deal will go to the House and Senate for approval in coming days [see The Most Successful New ETFs of 2013]. On the ETF front, Van Eck announced its conversion of the of the Market Vectors LatAm Aggregate Bond ETF (BONO) into the new Market Vectors Emerging Markets Aggregate Bond ETF . Meanwhile, UBS added a new fund to its ETRACS lineup: 2X [...] Click here to read the original article on ETFdb.com. Related Posts: Tax Efficiency Report Card Different Kind Of Muni Bond ETF: Van Eck Debuts XMPT Complete List Of New 2013 ETFs ETF Insider: High-Yield Prospects October 6th Edition The Hunt For Yield Continues: Inside The High Income ETF (YYY) Is it Time to Sell? With the market set to the end the year at all-time highs, it seems that many are eager to ring alarm bells. Before you start stuffing cash under your mattress, you should read Bernie Schaeffer's new 2014 Market Forecast - yours FREE. Discover two explosive stocks on the rise, which sector is primed to breakout, and the three crucial technical levels to watch. Download FREE today!
Though U.S. equities started the week on a positive note, profit-taking pressures quickly set in following the S&P 500 index logging in its 39th record close for the year. On Monday, investors paid close attention to speeches by Federal Reserve bank presidents James Bullard and Richard Fisher, which indicated that the central bank may be ready to scale back its bond-buying purchases as early as this month. In Washington, Congress managed to reach a bipartisan budget agreement, which will provide two years of stability to fiscal policy; the deal will go to the House and Senate for approval in coming days [see The Most Successful New ETFs of 2013]. On the ETF front, Van Eck announced its conversion of theĀ of the Market Vectors LatAm Aggregate Bond ETF (BONO) into the new Market Vectors Emerging Markets Aggregate Bond ETF . Meanwhile, UBS added a new fund to its ETRACS lineup: 2X [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Is it Time to Sell?

With the market set to the end the year at all-time highs, it seems that many are eager to ring alarm bells. Before you start stuffing cash under your mattress, you should read Bernie Schaeffer's new 2014 Market Forecast - yours FREE.

Discover two explosive stocks on the rise, which sector is primed to breakout, and the three crucial technical levels to watch.

Download FREE today!

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