UBS Debuts Solid State Drive ETNs

By: ETFdb
UBS rolled out the latest exchange-traded products targeting narrow corners of the technology sector in Thursday, debuting a pair of products that offer exposure to companies in the solid state drive industry. The ETRACS ISE Solid State Drive Index ETN (SSDD) will seek to replicate a benchmark comprised of drive manufacturers and component manufacturers, and currently consists of 11 companies in total. UBS also introduced a leveraged counterpart to SSDD; the 2x Monthly Leveraged ISE ETRACS ISE Solid State Drive Index ETN (SSDL) will deliver monthly results that correspond to 200% of the change in that same index. Solid State Drive 101 A solid state drive is a type of data storage device that has emerged as an alternative to traditional hard disk drives. Unlike HDDs, solid state drives utilize microchips to store data, and feature no moving parts. SSDs have become increasingly popular because they are less easily damaged [...] Click here to read the original article on ETFdb.com. Related Posts: July ETF Roundup: Launches, Filings, and Closures Here’s A Wild Idea: The ETF ETF Tech ETFs In Focus: Highlighting Some Hyper-Targeted Options ETF Insider: Maybe The World Isn’t Ending UBS Debuts Internet IPO ETNs
UBS rolled out the latest exchange-traded products targeting narrow corners of the technology sector in Thursday, debuting a pair of products that offer exposure to companies in the solid state drive industry. The ETRACS ISE Solid State Drive Index ETN (SSDD) will seek to replicate a benchmark comprised of drive manufacturers and component manufacturers, and currently consists of 11 companies in total. UBS also introduced a leveraged counterpart to SSDD; the 2x Monthly Leveraged ISE ETRACS ISE Solid State Drive Index ETN (SSDL) will deliver monthly results that correspond to 200% of the change in that same index. Solid State Drive 101 A solid state drive is a type of data storage device that has emerged as an alternative to traditional hard disk drives. Unlike HDDs, solid state drives utilize microchips to store data, and feature no moving parts. SSDs have become increasingly popular because they are less easily damaged [...]

Click here to read the original article on ETFdb.com.

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