Latest: UBS rolls out first US-listed 2x leveraged ESG ETN

The bank is targeting US$25m with the new ETracs 2x Leveraged MSCI USA ESG Focus TR ETN which have an investment term of 40 years. The notes track the performance of the MSCI USA ESG Focus Gross Total Return USD Index which is derived by selecting constituents of its parent index - the MSCI USA Index through an optimisation process that aims to maximize exposure of environmental, social and governance (ESG) factors for a target tracking error budget under certain constraints. The index is se