UBS has launched another leveraged exchange traded note (ETN) under its ETracs brand. The ETracs Monthly Pay 2xLeveraged Preferred Stock ETN offers two times leveraged long exposure to the compounded monthly performance of the Solactive Preferred Stock ETF Index. This means investors could benefit from twice the monthly return with respect to the index, but also be exposed to two times any adverse monthly performance. The Solactive Preferred Stock ETF Index tracks the price movements of an equa