UBS Announces Name Changes To EIPO And EIPL ETNs And Related Index
UBS Investment Bank announced today that the ETRACS Internet IPO ETN (NYSE: EIPO), the Monthly 2xLeveraged ETRACS Internet IPO ETN (NYSE: EIPL) and the UBS Internet IPO Index (NYSE: NETIPO) will now be referred to as the ETRACS Next Generation Internet ETN, the ETRACS Monthly 2xLeveraged Next Generation Internet ETN and the UBS Next Generation Internet Index, respectively.
| Symbol | New Name | Current Name | ||||
| EIPO | ETRACS Next Generation Internet ETN | ETRACS Internet IPO ETN | ||||
| EIPL | ETRACS Monthly 2xLeveraged Next Generation Internet ETN | Monthly 2xLeveraged ETRACS Internet IPO ETN | ||||
| NETIPO | UBS Next Generation Internet Index | UBS Internet IPO Index | ||||
The ETRACS Next Generation Internet ETN and the ETRACS Monthly 2xLeveraged Next Generation Internet ETN provide investors with either unleveraged or leveraged long exposure to the UBS Next Generation Internet Index.
Index Changes: there are no Index additions or deletions as of 11/21/11.
About the UBS Next Generation Internet Index
The UBS Next Generation Internet Index (the “Index”) is intended to measure, on a total-return basis, the performance of a subset of Internet-related companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. The Index provides exposure specifically to those Internet-related companies that have been publicly traded for less than three years. Standard & Poor’s Financial Services LLC serves as the calculation agent for the Index. The Index constituents, as of November 14, 2011, are as follows:| Name | Ticker | Weight | ||||
| Yandex NV | YNDX | 10.75% | ||||
| Youku.com Inc.-ADR | YOKU | 10.00% | ||||
| LinkedIn Corporation | LNKD | 9.54% | ||||
| HomeAway Inc. | AWAY | 9.49% | ||||
| Pandora Media, Inc. | P | 9.00% | ||||
| Bankrate Inc. | RATE | 8.82% | ||||
| Renren, Inc.-ADR | RENN | 5.43% | ||||
| Ancestry.com, Inc. | ACOM | 4.83% | ||||
| Makemytrip Ltd. | MMYT | 4.41% | ||||
| LogMeIn, Inc. | LOGM | 4.39% | ||||
| OpenTable, Inc. | OPEN | 4.03% | ||||
| Zillow, Inc. | Z | 3.41% | ||||
| Cornerstone OnDemand Inc. | CSOD | 3.12% | ||||
| Qihoo 360 Technology Co. Ltd.-ADR | QIHU | 3.11% | ||||
| Demand Media, Inc. | DMD | 2.58% | ||||
| QuinStreet, Inc. | QNST | 1.82% | ||||
| Responsys, Inc. | MKTG | 1.63% | ||||
| Carbonite Inc. | CARB | 1.24% | ||||
| IntraLinks Holdings, Inc. | IL | 1.22% | ||||
| ReachLocal, Inc. | RLOC | 1.17% | ||||
| Source: Standard & Poor’s, as of November 14, 2011. | ||||||
- Access to asset classes with historically low correlations to more traditional asset classes
- Convenience of an exchange-traded security
- Transparent exposure to a published index
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