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UBS AG London Branch FR SP ETRACS REDEEM 16/10/2042 USD 25 - Ser B
2x Leveraged mREIT ETNs Have Provided Excellent Returns
The UBS ETRACS Monthly Pay 2X Leveraged Mortgage REIT ETN (MORL) and, later, UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B (MRRL) and Credit Suisse X-Links Monthly Pay 2x Leveraged Mortgage REIT ETN (REML) have been the primary instruments by which I have attempted to utilize my longer-term macroeconomic interest rate outlook that rates would stay lower for longer than many were predicting.
From its inception on October 17, 2012, through to January 24, 2020, MORL has had a