UBS creates reverse convertible index to beat deposit returns

UBS creates money market index

UBS has created a money-market style index for its German retail investors. Every month, the index tracks a one-month reverse convertible and aims to pay an annual coupon of the European Central Bank (ECB) base rate plus 3%. The UBS Rolling Aktienanleihe Index (Rolling Reverse Convertible) is aimed at investors who are unsure of investing in the equity market and are willing to take some risk in return for regular income and a higher return than they would get from a bank deposit. "We have se