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DJP

UBS, under its E-TRACS brand, launched a new exchange-traded note (ETN) yesterday that offers exposure to the DJ-UBS Commodity Index Total Return. This benchmark is designed to provide diversified commodity exposure based on the economic significance of each commodity. The index measures the collateralized returns on a basket of 19 commodity futures contracts representing energy, precious metals, industrial metals, grains, soft commodities, and livestock sectors. The largest commodity allocation is to oil and gas, including crude oil (13.8%), natural gas (11.8%), gasoline (3.7%), and heating oil (3.6%). [click to continue…]

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Dow Jones & Co. has begun searching for potential buyers of its stock-market indexing unit, which includes the widely-reported Dow Jones Industrial Average. The unit of Dow Jones, which publishes the Wall Street Journal and was purchased by News Corporation in late 2007, creates and licenses indexes for use by ETFs, mutual funds, and other products. In addition to the storied DJIA, the Dow Jones indexing unit is responsible for the creation and oversight of: [click to continue…]

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Perhaps you’ve noticed that many of the investment vehicles in the ETF industry are technically referred to as exchange-traded notes, or ETNs. While ETNs are similar to ETFs in many ways, there are also some key differences that should be considered before investing.

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