May 09, 2011 at 14:36 PM EDT
New ETN Invests in Business Development Companies
A new exchange traded note (ETN) issued by UBS tracks business development companies, giving investors more choice in the private-equity category. E-TRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEArca: BDCS) follows a relatively new index launched by the bank. Top...
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