BDCL - Updating New Risks And Concerns Relating To The 20% Yielding 2X-Leveraged Mortgage REIT ETNs
Risks relating to the 2X-Leveraged Mortgage REIT ETNs
There are two 2X-leveraged mREIT-based ETNs sponsored by UBS Group AG (UBS). They are: the UBS ETRACS Monthly Pay 2X Leveraged Mortgage REIT ETN (MORL) and a twin, which is essentially identical in all economic respects, the UBS ETRACS Monthly Pay 2X Leveraged Mortgage REIT ETN Series B (MRRL). There is also another monthly Pay 2X-Leveraged Mortgage REIT ETN, the Credit Suisse X-Links Monthly Pay 2x Leveraged Mortgage REIT ETN (REML). All of the 2X-leveraged mREIT-based ETNs have yields