mxupa

Hello all,

I don't own MXG, but am sniffing around for a bargain. Not sure what the scent is yet.

does anyone know anything about the exchangeable sucuries for MXG, MXUPA? I see these have suffered a hammering which I presume is disproportionate to the increased risk associated with the woes of MXG (opinions?), but I can't figure out what these notes pay.

Does anyone here know what this means please?:-

"a non-cumulative distribution which is payable quarterly in arrears with a rate floating at a fixed margin of 1.90% to the 90 day bank bill swap rate on each distribution."

Cheers
Min