UBS ETRACS Linked to the Wells Fargo Business Development Company Index ETN (BDCS)
UBS ETRACS Linked to the Wells Fargo Business Development Company Index ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $15.22, up 0.03% on the session, giving a market capitalisation of $24.1M. Its beta of 1.37 implies it has historically moved more than the broad market.
This investment vehicle seeks to replicate the total return of the Wells Fargo Business Development Company Index, after accounting for all associated costs. This particular index is a float-adjusted and market-capitalization weighted benchmark, constructed to evaluate the performance of all qualifying Business Development Companies (BDCs) publicly traded on either the New York Stock Exchange or NASDAQ, subject to meeting predefined market valuation and other selection requirements. The fundamental business model of BDCs centers on providing financing, often in the form of high-yield loans, to small and mid-sized enterprises, occasionally complemented by direct equity investments in those businesses.
UBS ETRACS Linked to the Wells Fargo Business Development Company Index ETN is most often compared with the following Financial Services names: