UBS Investment Bank announced that is the first day of trading on the NYSE Arca® for two new ETNs: the ETRACS ISE Exclusively Homebuilders ETN (NYSE Arca®: HOMX) and the ETRACS Monthly Reset 2xLeveraged ISE ....
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• ETRACS ISE EXCLUSIVELY HOMEBUILDERS ETN
• ETRACS MONTHLY RESET 2xLEVERAGED ISE EXCLUSIVELY HOMEBUILDERS ETN
Exclusively Homebuilders ETN (NYSE Arca®: HOML). HOMX is linked to the performance of the ISE Exclusively Homebuilders Total Return Index and HOML is linked to the monthly compounded 2x leveraged performance of the ISE Exclusively Homebuilders Total Return Index.
Offers Investors:
• Exposure to an index that is made up of exclusively homebuilding companies.
• Any cash dividends on the index are reinvested in the index and reflected in the index level.
• Convenience of an exchange-traded security.
• HOMX provides 1x exposure to an index made up of exclusively homebuilding companies.
• HOML provides 2x exposure to an index made up of exclusively homebuilding companies.
“The current market offering of homebuilders exchange traded products often conflates exposure between actual homebuilders and home related consumer discretionary equities”, said Christopher Yeagley, Head of ETRACS. “We believe HOMX and HOML add value to investors by providing direct exposure to exclusively homebuilders.”
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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