RT-UBS Announces Changes to the UBS Internet IPO Index
Sep 2, 2011 10:30:00 (ET)
NEW YORK, Sep 02, 2011 (BUSINESS WIRE) -- UBS Investment Bank announced today that following the close of business on September 6, 2011, the following changes to the UBS Internet IPO Index (NYSE ticker symbol "NETIPO") will be implemented.
Index Additions: Carbonite Inc. (ticker:CARB) and HomeAway Inc. (ticker:AWAY)
and Index Deletions: Rackspace Hosting, Inc. (ticker:RAX), SciQuest, Inc. (ticker:SQI) and Responsys, Inc. (ticker:MKTG)
About the UBS Internet IPO Index
The UBS Internet IPO 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. The Index currently serves as the reference index for the ETRACS Internet IPO ETN ( EIPO, Trade ) and the Monthly 2xLeveraged ETRACS Internet IPO ETN ( EIPL, Trade ). Standard & Poor's Financial Services LLC serves as the calculation agent for the Index. The top 10 holdings in the Index, as of September 1, 2011, are as follows:
Name Ticker Weight ----------------------- ------ ------ Rackspace Hosting, Inc. RAX 10.69% Yandex NV YNDX 10.11% LinkedIn Corporation LNKD 10.03% Pandora Media Inc. P 7.53% Youku.com Inc.-ADR YOKU 6.90% Renren, Inc.-ADR RENN 6.74% Bankrate Inc. RATE 5.94% Ancestry.com, Inc. ACOM 5.73% OpenTable, Inc. OPEN 5.13% Zillow, inc. Z 3.57%
Source: Standard & Poor's, as of September 1, 2011.
About ETRACS
For further information about ETRACS ETNs, go to http://www.etracs.com .
Exchange Traded Access Securities, ETRACS, are exchange-traded notes (ETNs), an innovative class of investment products offering access to markets and strategies that may not be readily available to investors, and offer unique diversification opportunities in a number of different sectors. ETNs offer:
-- 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
ETRACS ETNs are senior unsecured notes issued by UBS AG ("UBS"), are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor's principal, and is subject to the creditworthiness of UBS. We urge you to read the more detailed explanation of risks described under "Risk Factors" in the prospectus supplement for the ETRACS ETN. |
