UBS 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.

Paul Somma, 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.  

Edited by: HFD


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