UBS Adds 2x Leveraged Version of BDC ETN (BDCL)
UBS rolled out the latest addition to its rapidly-expanding ETN lineup this week, adding a 2x leveraged version of the business development company ETN it debuted just last month. The E-TRACS 2x Leveraged Long Wells Fargo Business Development Company ETN (BDCL) will deliver monthly results that correspond to 200% of the monthly change in a benchmark comprised of publicly-traded companies that are generally involved in lending money to small and mid-sized companies, often establishing equity stakes in the companies as well. ABCs Of BDCs In order to qualify as a BDC, an entity must be must be registered in compliance with Section 54 of the Investment Company Act of 1940; many publicly-traded private equity firms have done just that. In order to maintain BDC tax status–which allows entities to enjoy the same benefits as REITs and pay almost no corporate taxes–these companies are required to pay out substantially all of [...] Click here to read the original article on ETFdb.com. Related Posts: UBS Debuts BDC ETN (BDCS) Talking MLP ETFs With Kenny Feng Of Alerian UBS Debuts Wells Fargo MLP ETN (MLPW) MLP ETFs: Fact And Fiction UBS Launches Inverse MLP ETN
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