ACE, a higher-education industry group, has a network of about 2, 000 schools that consider granting credit for nonclassroom programs, such as military or corporate training, based on its recommendations.

WSJ: Big MOOC Coursera Moves Closer to Academic Acceptance

Among the largest underlying components of UYG, in trading today ACE, Ltd. ( NYSE: ACE) is up about 0.7%, Affiliated Managers Group Inc. ( NYSE: AMG) is trading flat, and AFLAC Inc. ( NYSE: AFL) is higher by about 0.3%.

FORBES: Proshares Ultra Financials Experiences Big Outflow

Among the largest underlying components of UYG, in trading today ACE, Ltd. ( NYSE: ACE) is off about 0.9%, Affiliated Managers Group Inc. ( NYSE: AMG) is down about 0.1%, and AFLAC Inc. ( NYSE: AFL) is lower by about 1.4%.

FORBES: UYG, ACE, AMG, AFL: Large Outflows Detected at ETF

Supporting testimony comes from two executives at insurer American International Group, run by Jeff Greenberg's father, Maurice (Hank) Greenberg, and one at Ace, run by Jeff's younger brother, Evan.

FORBES: Companies, People, Ideas