Citigroup Launches Miller/Howard Fundamental MLP ETN (MLPC)

Bullish momentum has cooled off a bit this week on Wall Street following the massive rally seen in response to the Federal Reserve delaying the much-feared “taper.” As such, with interest rates expected to remain suppressed in the foreseeable future, ETF issuers have once again started to ramp up activity on the product development front, more specifically focusing on developing solutions for yield-starved investors [see 101 High Yielding ETFs For Every Dividend Investor]. Guggenheim expanded its suite of high yield corporate bond funds with the launch of BSJJ and BSJK earlier this week. Citigroup was next on the list, with its debut of an MLP ETN based on the Miller/Howard Fundamental Index (MLPC) this Thursday. MLPC: Where MLPs and Fundamentals Meet The new ETN from Citigroup is based on the performance of the Miller/Howard MLP Fundamental Index; this benchmark is comprised of 25 energy master limited partnerships (MLPs) selected on a [...] Click here to read the original article on ETFdb.com. Related Posts: Global X Launches Cheapest MLP ETF Yet (MLPX) MLP ETPs: 3 Things To Consider MLP ETFs Battle for Inflows: AMLP vs. AMJ Global X SuperDividend U.S. ETF (DIV) And Barclays MLP ETN (ATMP) Hit The Street ETFs Then And Now