UBS ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN (LRET)
UBS ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $8.40, up 0.06% on the session, giving a market capitalisation of $3.3M. Its beta of 1.13 implies it has historically moved more than the broad market.
This investment product is designed to provide monthly compounded returns that are twice the performance of the MSCI US REIT Index, after the deduction of investor fees. The underlying MSCI US REIT Index is a benchmark that assigns weights to its constituent equity Real Estate Investment Trust (REIT) securities based on their market capitalization, adjusted for their publicly available shares (free float). This index is comprehensive, covering REITs involved in both traditional real estate sectors, such as residential buildings and retail spaces, and more specialized categories like casinos and theaters.
UBS ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN is most often compared with the following Financial Services names: