The exchange-traded notes (ETNs), linked to VettaFi fund-tracking indices based on the XLC and XLP sector exchange-traded funds (ETFs), are designed to provide sophisticated investors with leveraged or inverse exposure to daily index movements.
Bank of Montreal (BMO) and Rex Shares have launched four exchange traded notes (ETNs) tied to the communication services and consumer staples sectors. The additions follow previous MicroSectors introductions linked to semiconductor equities The ETNs, due on 31 July 2046, began trading on the Cboe BZX Exchange on 10 September. The products comprise the MicroSectors 3× Long Communication Services (XLC) ETNs (XLCU), MicroSectors -3× Short Communication Services (XLC) ETNs (XLCD), M