{"id":13648,"date":"2012-05-23T17:00:00","date_gmt":"2012-05-23T16:00:00","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/index.php\/2012\/05\/23\/ubs-expands-suite-of-income-yielding-products-with-2-etracs-etns\/"},"modified":"2012-05-23T17:00:00","modified_gmt":"2012-05-23T16:00:00","slug":"ubs-expands-suite-of-income-yielding-products-with-2-etracs-etns","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/ubs-expands-suite-of-income-yielding-products-with-2-etracs-etns\/","title":{"rendered":"UBS expands suite of income yielding products with 2 ETRACS ETNS"},"content":{"rendered":"<p style=\"text-align: justify;\">UBS expands suite of income yielding products with 2 ETRACS ETNS designed to deliver high monthly income potential and leveraged exposure to blue-chip dividend indexes<span lang=\"en-GB\">&#8230;<\/span><\/p>\n<p>  <!--more-->  <\/p>\n<ul> <\/ul>\n<p> <strong><equity><\/equity><\/strong><\/p>\n<ol> <\/ol>\n<hr \/>\n<p style=\"text-align: justify;\">Sign up for our weekly Newsletter and receive the latest ETF and ETC    news.<\/p>\n<div style=\"text-align: justify;\"><\/div>\n<p style=\"text-align: justify;\"><a href=\"index.php?option=com_acymailing&#038;view=user&#038;Itemid=1016\"><strong>Click    here to register for your free copy <\/strong><\/a><\/p>\n<div style=\"text-align: justify;\"><\/div>\n<hr style=\"text-align: justify;\" \/>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><strong>UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for 2 new ETRACS Exchange Traded Notes (\u201cETNs\u201d) linked to the Dow Jones U.S. Select Dividend Index<sup>SM<\/sup> and the<\/strong><strong> <\/p>\n<p>S&#038;P High Yield Dividend Aristocrats Index:<\/p>\n<p style=\"margin-left: 40px;\">ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN<\/p>\n<p> <\/strong><\/div>\n<p><strong> <\/p>\n<p style=\"margin-left: 40px;\">Ticker:  DVYL<\/p>\n<p style=\"margin-left: 40px;\">ETRACS Monthly Pay 2xLeveraged S&#038;P Dividend ETN<\/p>\n<p> <\/strong><br \/><strong> <\/p>\n<p style=\"margin-left: 40px;\">Ticker:  SDYL<\/p>\n<p> <\/strong> <\/p>\n<div class=\"par parsys basecomponent\">\n<div style=\"text-align: justify;\" class=\"basecomponent textimage\">\n<div>\n<div>\n<p>The 2 new ETRACS Monthly Pay 2xLeveraged ETNs are designed to provide:<\/p>\n<ul class=\"list-bullet\">\n<li><strong>2x leveraged exposure <\/strong>to the Index(s), less fees, making them the only exchange-traded products with leveraged exposure to these indexes.<\/li>\n<li><strong>Monthly leverage resetting, <\/strong>which<strong> <\/strong>provides an innovative alternative to daily leverage resetting typically used in other leveraged products <\/li>\n<li><strong>Significant income potential in the form of variable monthly coupons<\/strong> linked to 2 times the dividends, if any, on the index constituents.<\/li>\n<li><strong>Convenience<\/strong> of a single exchange-traded security.<\/li>\n<\/ul>\n<p>&#8220;Enhanced yield potential and monthly distributions are key  differentiators of our latest ETRACS offering&#8221; said Chris Yeagley,  Managing Director and US Head of Equity Structured Products.   &#8220;Yield-oriented investors now have access to these innovations in  convenient exchange-traded securities.&#8221;<\/p>\n<p><strong>About the Underlying Indexes<\/strong><\/p>\n<p><strong>Dow Jones U.S. Select Dividend Index<sup>SM<\/sup><\/strong><\/p>\n<p>This index represents the top U.S. stocks as measured by dividend  yield, selected annually and subject to screening and buffering  criteria.<\/p>\n<p>The Index is weighted by the indicated annual dividend of its  components where the weight of any individual company is restricted to  10%.  The Index is a price return index (i.e., the reinvestment of  dividends is not reflected in the Index).  Any cash distributions on the  Index constituents, less any withholding taxes, are reflected in the  variable monthly coupon that may be paid to investors of the ETN.<\/p>\n<p>In order for a company to be eligible for selection to the Index, it  must (i) be a dividend-paying company in the Dow Jones U.S. Index<sup>SM<\/sup> that has a non-negative historical five-year dividend-per-share growth  rate; (ii) have a five-year average dividend to earnings-per-share ratio  of less than or equal to 60%; (iii) have paid dividends in each of the  previous five years and (iv) have a three-month minimum average daily  trading volume of 200,000 shares. Current Index components are eligible  for selection regardless of their payout ratio or trading.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div style=\"text-align: justify;\" class=\"basecomponent table\">\n<p class=\"tableCaption\">Top constituents as of April 30<\/p>\n<table class=\"table\">\n<tbody>\n<tr class=\"odd\">\n<td style=\"width: 186px; border: 1px solid #9ab62f; background-color: #9ab62f;\" valign=\"bottom\"><strong><span style=\"color: #ffffff;\">Company<\/span><\/strong><\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f; background-color: #9ab62f;\" valign=\"bottom\"><strong><span style=\"color: #ffffff;\">Adjusted Weight (%)<\/span><\/strong><\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">Lorillard Inc.<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>3.94<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>Lockheed Martin Corp.<\/p>\n<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>2.89<\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>Chevron Corp.<\/p>\n<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>2.06<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>Kimberly-Clark Corp.<\/p>\n<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>1.92<\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">CenturyLink Inc.<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>1.91<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>Entergy Corp.<\/p>\n<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>1.88<\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>Integrys Energy Group Inc.<\/p>\n<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>1.80<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>PPG Industries Inc.<\/p>\n<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>1.77<\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>McDonald&#8217;s Corp.<\/p>\n<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>1.72<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd last-child\">\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>Clorox Co.<\/p>\n<\/td>\n<td style=\"width: 186px; border: 1px solid #9ab62f;\" valign=\"bottom\">\n<p>1.58<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"tablefooter\">\n<p>Source: \u201cDow Jones U.S. Select Dividend Index<sup>SM<\/sup> Fact sheet.\u201d \u00a9 CME Group Index Services LLC 2012. Information as of April 30, 2012.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div style=\"text-align: justify;\" class=\"basecomponent textimage\">\n<div>\n<div>\n<p><strong>S&#038;P High Yield Dividend Aristocrats Index<\/strong><\/p>\n<p>The Index is weighted by the indicated annual dividend yield with  constituents re-weighted every quarter and the constituent universe  reviewed every December. The index methodology incorporates minimum  market capitalization and liquidity criteria, as well as buffers to  reduce turnover at index rebalancings. Modifications are made to stock  weights to ensure no stock represents more than 4% of the index weight,  and to enhance index basket liquidity at each quarterly rebalancing.   Companies included in the Index come from a broad spectrum of  industries.  The Index is a price return index (i.e., the reinvestment  of dividends is not reflected in the Index).  Any cash distributions on  the Index constituents, less any withholding taxes, are reflected in the  variable monthly coupon that may be paid to investors of the ETN).<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"basecomponent table\">\n<p style=\"text-align: justify;\" class=\"tableCaption\">Top constituents as of April 30<\/p>\n<table style=\"text-align: justify;\" class=\"table\">\n<tbody>\n<tr class=\"odd\">\n<td style=\"width: 202px; border: 1px solid #9ab62f; background-color: #9ab62f;\" valign=\"top\">\n<p><span style=\"color: #ffffff;\"><strong>COMPANY<\/strong><\/span><\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f; background-color: #9ab62f;\" valign=\"top\">\n<p><span style=\"color: #ffffff;\"><strong>INDEX WEIGHT<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>Pitney Bowes Inc<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>3.7229%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>AT&#038;T Inc<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>3.5189%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>HCP Inc<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>3.0206%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>Old Republic Intl Corp<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>2.8760%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>Leggett &#038; Platt<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>2.7067%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>Cincinnati Financial Corp<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>2.6358%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>Kimberly-Clark<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>2.4860%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>Consolidated Edison Inc<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>2.4230%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"even\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>Abbott Laboratories<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>2.2459%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"odd last-child\">\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>Clorox Co<\/p>\n<\/td>\n<td style=\"width: 202px; border: 1px solid #9ab62f;\" valign=\"top\">\n<p>2.0924%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"tablefooter\">\n<p style=\"text-align: justify;\">Source: Standard &#038; Poor\u2019s Financial Services LLC. Data calculated as of April 30, 2012.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<p>Source: ETFWorld &#8211; Borsa Italiana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UBS expands suite of income yielding products with 2 ETRACS ETNS designed to deliver high monthly income potential and leveraged exposure to blue-chip dividend indexes&#8230;<\/p>\n","protected":false},"author":3,"featured_media":16432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[39],"tags":[],"class_list":["post-13648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etc-etc"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/13648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=13648"}],"version-history":[{"count":0,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/13648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/16432"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=13648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=13648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=13648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}