UBS AG FI Enhanced Large Cap Growth ETN (FBGX)
UBS AG FI Enhanced Large Cap Growth ETN operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $943.29, down 1.11% on the session, giving a market capitalisation of $210.8M. Its beta of 2.30 implies it has historically moved more than the broad market.
This Exchange Traded Note (ETN), identified as FBGX and issued by UBS AG, is an 'FI Enhanced' product set to mature on June 19, 2024. Its underlying index measures both the capital appreciation of its component stocks and the reinvestment of any dividends generated by those holdings. Crucially, this ETN provides two times (2x) leveraged exposure to the performance of that index. This means that while the note is designed to capture twice any positive quarterly returns of the index, investors will also experience double the losses during periods of negative quarterly performance.
UBS AG FI Enhanced Large Cap Growth ETN is most often compared with the following Financial Services names: