IWML
ETRACS 2x Leveraged US Size Fact
IWML
20,49
0,02 Bil. AUM
1,0% Expense Ratio
19,30 NAV
ETRACS 2x Leveraged US Size Fact Profile
About ETRACS 2x Leveraged US Size Fact
As a levered product, IWML is not a buy-and-hold ETN, it's a short-term tactical instrument designed to provide 2x exposure to the Russell 2000. The underlying index consists primarily of small-caps, but also drifts into midcaps and heavily into micro-caps, overall representing approximately 10% of the total market. Like many levered funds, IWML delivers 2x exposure only for one day. The fund also resets its leverage quarterly. Keep in mind this is an exchange-traded note, as such, investors also assume the credit risk of UBS. Index reconstitution is done annually.
- Company
- Holdings
- 0
- CUSIP
- 90278V404
ETRACS 2x Leveraged US Size Fact Sectors
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