A Gold-Hedged S&P ETN?
January 28, 2010 1:40 pm
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UBS Investment Bank launched today a new ETN linked to the S&P 500 Gold Hedged Index. The UBS E-TRACS S&P 500 Gold Hedged ETN (NYSEArca: SPGH) offers exposure to the S&P 500 while hedging that portfolio against the price of gold. The note is designed for investors worried about inflation and the prospects for a falling dollar. It is the first exchange-traded product offering gold-hedged exposure. UBS has 11 other E-TRACS ETNs covering most commodities out there tracking various UBS Bloomberg CMCI indexes—with the exception of one that tracks the Dow Jones-UBS Commodity Index. ETNs are senior unsecured notes, meaning investments in them are exposed to the credit risk of underwriting bank—in this case, UBS.
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[News] March 03, 2010
Rydex Plans Two New Equity ETFs -
[News] March 01, 2010
February ETF Flows: EEM Bleeds, VWO Exceeds -
[News] February 24, 2010
Direxion Debuts ETFs Based On 2-Year Treasury Note -
[Research] February 23, 2010
Lessons From The 'Naughties' Successful investors shun risk when markets seem tranquil, and seek risk when others are terrified. -
[Podcasts] February 22, 2010
Institutional ETF Rebates? In the wake of some surprising 13F filings, Matt Hougan and Dave Nadig ponder the nature of the institutional-ETF marriage. Where's all that money really going?
PHYS: Not A Gold ETF, And A BAD Deal
In the words of Star Wars' Admiral Ackbar: “It's a trap!"Finding Yield In A Haze Of Smoke And Mirrors
Matt’s certainly right that the yield hunt is a tough one. But does he really understand what “yield” means?
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SPIVA In Focus
Dave Nadig and Matt Hougan talk about what they'd like to see in the next index vs. active scorecard. See All
