UBS To Begin Trading The Oil Futures Contango ETN due June 14, 2041 (OILZ) Thursday June 16

UBS will begin trading its new “Oil Futures Contango ETN due June 14, 2041” (NYSE:OILZ) Thursday, June 16, 2011. The Oil Futures Contango ETN due June 14, 2041 is designed to capitalize on contango in oil futures markets, while minimizing the exposure to absolute changes in the underlying prices of this commodity.

ETRACS OILZ ETN is linked to the performance of the ISE Oil Futures Spread Index. This Index, through a series of investments in oil sub-indices, effectively provides a 1x short exposure in front month oil futures contracts and a 1.5x long exposure in mid-term oil futures contracts.

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