UBS Debuts Energy Duo

UBS introduced two new exchange-traded notes (ETNs) which track exposure to oil futures and natural gas futures prices. The new ETNs are based on two new indexes that were recently launched by the International Securities Exchange (ISE).

“Our new partnership with UBS and the launch of two ETNs based on ISE’s strategy-based futures indexes mark significant achievements for our index business,” said Kris Monaco, head of new product development at ISE.

The ETRACS Oil Futures Contango ETN (OILZ) and the ETRACS Natural Gas Futures Contango ETN (GASZ) both aim for exposure to their respective benchmarks, but limiting the impact of contango.