Index underlies two ETRACS ETNs
FRANKFURT, Germany, August 02, 2021--(BUSINESS WIRE)--Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the MVIS US Business Development Companies Index (ticker: MVBIZD) to UBS AG. The index underlies two ETRACS ETNs, which began tracking the index today, 02 August 2021.
The MVIS US Business Development Companies Index (ticker: MVBIZD) tracks the performance of the largest and most liquid companies which are treated as Business Development Companies (BDC) and are incorporated in the United States. BDCs must be organised under the law of, and have its principal place of business in the United States, be registered with the Security Exchange Commission (SEC) and have elected to be regulated as a BDC under the Investment Company Act of 1940.
The MVIS US Business Development Companies Index (ticker: MVBIZD) is weighted by free-float market capitalization and calculated in US Dollars as a price index, total return gross and total return net index. The index is reviewed on a quarterly basis. Detailed information about each index is available on MV Index Solutions website.
Key Index Features
MVIS US Business Development Companies Index (ticker: MVBIZD)
Number of Components: 25
Base Date: 29 June 2007
Base Value: 1000
Note to Editors:
About MV Index Solutions - www.mvis-indices.com
MV Index Solutions GmbH (MVIS®) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 31.52 billion in assets under management (as of 02 August 2021) are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005459/en/
Eunjeong Kang, MV Index Solutions
+49 (0) 69 4056 695 38