The ETRACS
Monthly Pay 2xLeveraged Closed - End Fund ETN provides 2x the monthly return of an index of US - listed closed - end funds, weighted by yield, discount to NAV and trading
Monthly Pay 2xLeveraged Closed - End
Fund ETN provides 2x the
monthly return of an index of US - listed closed - end funds, weighted by yield, discount to NAV and trading
monthly return of an index of US - listed closed - end
funds, weighted by yield, discount to NAV and trading
volume.
Using
monthly trading
volumes, returns and assets (sizes) for 4,587 U.S. equity mutual
funds and for 747 U.S. equity ETFs, and contemporaneous U.S. equity factor model returns, during January 2000 through December 2015, they find that: Keep Reading