July 22, 2011 at 07:00 AM EDT
UBS Debuts Internet IPO ETNs
UBS rolled out two new ETNs on Thursday, debuting products that offer exposure to Internet-related companies that have recently completed an initial public offering (IPO). The new ETRACS Internet IPO ETN (EIPO) is linked to the UBS Internet IPO Index, a benchmark that consists of companies that maintain operations focused on the Internet that have gone public over the last three years. The underlying portfolio includes many of the companies that have recently completed high profile IPOs, such as Pandora Media, OpenTable, and LinkedIn. In order to be included in the underlying index, companies must fall into one of three GICS Industry designations: Internet Software & Services, Internet & Catalog Retail, or Media. Ticker Stock Weight LNKD Linked In 10.0% AWAY HomeAway 10.0% YNDX Yandex 10.0% RAX Rackspace Hosting 10.0% P Pandora Media 10.0% RENN Renren, Inc. (ADR) 10.0% OPEN OpenTable 10.0% ACOM Ancestry.com 10.0% SFUN SouFun Holdings (ADR) 10.0% [...] Click here to read the original article on ETFdb.com. Related Posts: Internet ETFs: Five Ways To Play Five Facts About HOLDRS Every ETF Investor Must Know MSFT, AMZN Earnings Boost Technology ETFs Is The Skype Sale A Bad Sign For eBay-Heavy ETFs? UBS Adds 2x Leveraged Version of BDC ETN (BDCL)
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