UBS Investment Management has launched two ETRACs exchange-traded notes linked to the performance of the UBS Internet IPO Index, which is comprised of 20 social networking, Internet software and Internet services stocks that have gone public within the last three years.

The ETRACs Internet IPO ETN provides exposure to the performance of the index, and the Monthly 2xLeveraged ETRACs Internet IPO ETN provides a monthly compounded two-times leveraged exposure to the performance of the index.

“There’s a tremendous amount of investor interest in the current generation of Internet-related companies,” said Christopher Yeagley, managing director and U.S. head of equity structured products. “And now investors have a convenient way to access these stocks in a transparent, low-cost, exchange-traded product. Moreover, as new Internet-related companies go public, investors in these ETNs will gain exposure to them within weeks after their IPOs, provided they meet certain market capitalization and other eligibility requirements.”

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