Name of ETN: UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN
Benchmark Index: Market Vectors Global Mortgage REITs Price Index
Ticker Symbol: MORL
Investing Instrument: Exchange Traded Note (ETN)
Focus: U.S. mortgage real estate investment trusts (REITs)
Daily Target: 2x
Leveraged ETN: This ETN is a leveraged ETN which means the ETN attempts to produce daily returns above the benchmark index results based on a multiplier. In the case of this ETN, the multiplier is 2x (200%). This means the ETN is seeking a daily target equal to 200% of the benchmark index.