Credit Suisse and UBS join the US ETN crowd

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Credit Suisse and UBS have become the seventh and eighth issuers respectively to enter the exchange-traded note (ETN) market in the US.

Credit Suisse launched a single note from its new Elements platform on April 3, which is linked to the Credit Suisse Global Warming Index. The index comprises the 50 highest ranking stocks of companies in the business of tackling climate change, using the bank's proprietary Holt methodology. The strategy assesses companies in the sector on three different

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