is expanding its ETN lineup, according to ETF Strategy
The product, UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN
(MORL) has been listed with NYSE Arca
, and will track track the Market Vectors Global Mortgage REIT Index
. The report notes that this is the first of its kind to give exposure to a US mortgage REIT index.
, executive director and Senior ETRACS Structurer, said "this ETN is designed for investors who seek a high yield and are bullish on the mortgage REIT sector."
Read more at ETF Strategy
Stay ahead of the news ... Sign up for our email alerts now