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.”
