I've owned UYG since Jul and overall it has rebounded well in 2009 but has pulled back recently with recent market sell-off. IMO, UYG is ready for another run as the markets are postured for a late-year surge from these oversold levels.
Lastly, recent economic data suggests that the this economy is slowly rebounding and if this is the case, UYG will truly benefit as the big banks lend more money to potential homebuyers and companies borrow more capital to expand.
If you truly believe our economy will rebound in 2010, then UYG is the equity to own! Do your research GLTA!!