Frankfurt (02 August 2021) – 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 the index, including methodology details and index data, is available on the MV Index Solutions website.