UBS Launches Leveraged MLP Infrastructure ETN (MLPL)

Perhaps no corner of the ETF market has exploded in recent years quite as quickly as the MLP space. JP Morgan launched the Alerian MLP Index ETN (AMJ) in early 2009, and the fund quickly attracted more than $1 billion in assets [see Most Successful New ETFs Of 2009]. UBS followed earlier this year, offering the similar Alerian MLP Infrastructure Index ETN (MLPI), while Credit Suisse brought out its Cushing 30 MLP Index ETN (MLPN). Today, UBS introduced the first exchange-traded product offering leveraged exposure to the MLP sector, launching the E-TRACS 2x Leveraged Long Alerian MLP Infrastructure Index (MLPL). Like other products offering exposure to the MLP sector, MLPL is structured as an exchange-traded note (ETN). That means that it is a senior unsecured debt security that is linked to the performance of an underlying index (in this case the Alerian MLP Infrastructure Index). According to the fund’s prospectus, MLPN is [...] Click here to read the original article on ETFdb.com. Related Stories: UBS Launches Alerian MLP Infrastructure Index (MLPI) Credit Suisse Set To Launch Cushing 30 MLP Index ETN (MLPN) ALPS Planning MLP ETF