UBS Rolls Out Multi-Asset Income ETN (DVHI)

From ETF Database
September 20, 2013 - 7:00am

Stocks have been on an absolute tear this week with major U.S. equity benchmarks soaring to all-time highs amid renewed stimulus hopes. Bullish momentum permeated the marketplace on Wednesday after the Federal Reserve surprised many with its decision to hold off from scaling back on bond-repurchases this time around; as a result, cyclical securities have been rallying because of the continuation of the Fed’s “accommodative” monetary policy [see also 101 High Yielding ETFs For Every Dividend Investor]. Amid the rally, UBS expanded its ETN suite with a dividend-focused offering; the ETRACS Diversified High Income ETN (DVHI) began trading on September 19th, 2013. Diversified High Income ETN Hits The Street The new ETN is linked to the NYSE Diversified High Income Index, which looks to track the performance of a diversified basket of 138 publicly-traded securities that historically pay significant dividends or distributions. The underlying benchmark is split roughly 60/40 between stocks and bonds, while [...]Click here to read the original article on ETFdb.com.Related Posts:First Trust International Multi-Asset Income ETF (YDIV) Hits The Street 12 High-Yielding Monthly Distribution Bond ETFsUsing ETFs To Build A Complete Bond PortfolioRecapping Impressive Innovation In Bond ETF SpacePIMCO Preps To Boost Bond ETF Lineup


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