UBS AG FI Enhanced Global High Yield ETN (FIHD)
UBS AG FI Enhanced Global High Yield ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $224.51, up 2.08% on the session, giving a market capitalisation of $27.1M. Its beta of 1.54 implies it has historically moved more than the broad market.
This Exchange Traded Note (ETN), a senior unsecured debt security issued by UBS AG and part of the FI Enhanced series, aims to provide investors with a two times leveraged long return based on an underlying index. Its performance is calculated quarterly and is subject to deduction for accrued fees. The benchmark index itself is constructed from large and mid-capitalization stocks (excluding Real Estate Investment Trusts, or REITs) found in 23 developed economies within the scope of the MSCI World Index. A key selection criterion for these companies is their higher-than-average dividend yields, which are also assessed for their potential long-term sustainability and consistency.
UBS AG FI Enhanced Global High Yield ETN is most often compared with the following Financial Services names: