Credit Suisse Launches Cushing 30 MLP Index ETN (MLPN)

Credit Suisse announced on Tuesday the launch of the Cushing 30 MLP ETN (MLPN), an exchange-traded note offering exposure to a benchmark composed of 30 companies that hold mid-stream energy infrastructure assets in North America. MLPN will be linked to the Cushing 30 MLP Index, an equal-weighted benchmark that uses a formula-based proprietary valuation methodology [...] Related Stories: Credit Suisse Launches Hedge Fund ETN (CSLS) UBS Launches Alerian MLP Infrastructure Index (MLPI) AlphaShares Launches New China All-Cap Index