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September 01, 2020 10:18am
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UBS’ New Leveraged CEF ETN with 19% Yields

UBS Investment Bank, the issuer behind the ETRACS exchange traded notes, launched a new note based on closed-end funds that could generate robust yields, but investors should be comfortable with the leveraged aspect. The ETRACS Monthly Pay 2xLeveraged Closed Fund ETN (NYSEArca: CEFL) began trading...
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