Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN (REML)
Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $5.99, up 0.00% on the session, giving a market capitalisation of $207.4M. Its beta of 2.78 implies it has historically moved more than the broad market.
The Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN (REML) is designed to provide investors with a monthly compounded return that is double the price performance of its benchmark, the FTSE NAREIT All Mortgage Capped Index. This underlying index monitors the collective performance of specific U.S. Mortgage Real Estate Investment Trusts (REITs). To be included, these Mortgage REITs must meet U.S. tax qualification standards, allocate over 50% of their total assets to mortgage loans or real property-backed mortgage securities, and be publicly listed on exchanges such as the New York Stock Exchange, NYSE Arca, or the NASDAQ National Market List.
Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN is most often compared with the following Financial Services names: