UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN
UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN (BDCL) Company Profile & Overview
Explore UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN’s business operations, leadership, sector classification, and key company facts including IPO date, industry, and contact details.
UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN (BDCL) Company Profile & Overview
The investment seeks to replicate, net of expenses, twice the performance of the Wells Fargo Business Development Company Index. The index is a float adjusted, capitalization-weighted index that is intended to measure the performance of all Business Development Companies ("BDC") that are listed on the New York Stock Exchange or NASDAQ and satisfy specified market capitalization and other eligibility requirements. The BDC business model is to lend to small and midsized companies at high yield equivalent rates while also at times taking equity stakes in such companies.