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UGLD - Credit Suisse AG

Credit Suisse AG logoThe VelocityShares 3x Long Gold ETN (UGLD) is an exchange-traded note (ETN) issued by Credit Suisse AG that provides leveraged exposure to the price of gold. An ETN is a type of unsecured debt security that is backed by the credit of the issuing bank and tracks the performance of an underlying index or asset.

UGLD seeks to provide investors with three times the daily return of the S&P GSCI Gold Index, which tracks the performance of gold futures contracts traded on the COMEX division of the New York Mercantile Exchange. This means that if the price of gold increases by 1% on a given day, UGLD is designed to increase in value by approximately 3%.

It is important to note that UGLD is subject to daily compounding, which can cause returns to deviate from the expected three times leverage over periods longer than a day. Additionally, UGLD is subject to fees and expenses that can reduce returns for investors.

Investing in UGLD may be suitable for investors who have a bullish outlook on the price of gold and are comfortable with the risks associated with leverage and ETNs. However, as with any investment, investors should carefully evaluate the potential benefits and risks of investing in UGLD and should consider their investment objectives, risk tolerance, and investment time horizon before making an investment decision.




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