Two New ETNs for Investors to Manage Rate Risk
VelocityShares has rolled out two new composite forward LIBOR rate-linked exchange traded notes to help fixed-income investors better manage risks in a rising interest rate environment. On Wednesday, VelocityShares launched the VelocityShares Long LIBOR ETNs (NYSEArca: ULBR) and the VelocityShares Short LIBOR ETNs (NYSEArca: DLBR). Both ETNs have a 1.50% expense ratio. Both new ETNs… Click to read more at ETFtrends.com.
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