Credit Suisse lists two leveraged oil ETNs
Credit Suisse has listed two new 3x leveraged oil ETNs under its AxelaTrader brand. UBRT and DBRT — short for up Brent and down Brent — will track the S&P GSCI Brent Crude Oil ER. With these listings, Credit Suisse join a growing group of issuers around the world that have responded to historically low energy prices by listing leveraged and inverse energy trackers. The past several weeks, inverse gas and oil trackers, such as those provided by Direxion, have been the best performing ETPs.