UBS Rolls Out Leveraged Cloud Computing ETN (LSKY)

UBS continued an aggressive expansion of its lineup of exchange-traded notes this week, debuting a product offering leveraged exposure to a hot corner of the technology sector. The launch of the ETRACS Monthly 2x Leveraged ISE Cloud Computing TR Index ETN (LSKY) comes exactly three months after First Trust debuted an ETF linked to the same index; SKYY began trading in early July. The new UBS ETN will seek to deliver monthly results that correspond to 200% of the change in the ISE Cloud Computing Index, a benchmark that consists of about 40 stocks. Cloud Computing 101 Cloud computing is a relatively new technology that is expected to grow quickly in coming years. Generally, cloud computing refers to the concept of sharing resources and software over the Internet. Basically, it allows end users to access data and storage services without being physically connected to the system that is delivering the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: A Week In The Green UBS Debuts Solid State Drive ETNs ETF Insider: Classic Greek Drama Unfolds ETF Insider: The Dust Has Yet To Settle Here’s A Wild Idea: The ETF ETF