ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) Dividend Yield, History & Forecast
ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) is an exchange-traded fund (ETF) listed on the New York Stock Exchange Arca. market capitalization is approximately $8M.
Frequently Asked Questions about ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)
What does ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN invest in?▾
USML offers 2x the daily performance of the MSCI USA Minimum Volatility Index, an index that optimizes the MSCI USA Index (parent index) to create a minimum-volatility portfolio within a given set of constraints. This optimization process uses an estimated co-variance matrix based on the Barra multi-factor equity model. Index constituents are constrained such that each individual constituent has a weight greater than 0.5% but is limited to 1.5% weight of the index, and sector weights will not deviate more than +/- 5% from the sector weights of the parent index. As a geared product with...
