UBS Launches New Natural Gas MLP ETN (MLPG)

The floodgates are officially open. Since JP Morgan’s Alerian MLP Index ETN (AMJ) became a smash hit with investors, a number of other issuers have entered into the space, providing more and more options for accessing a unique corner of the domestic energy market. UBS has been particularly active, introducing the Alerian MLP Infrastructure ETN (MLPI) at the end of the first quarter and following up with a 2x leveraged version (MLPL) earlier this month. Today UBS added another product to its MLP suite, rolling out the E-TRACS Alerian Natural Gas MLP Index ETN (MLPG). This exchange-traded note will be linked to the Alerian Natural Gas MLP Index, a benchmark that consists of companies that the majority of their cash flow from the transportation, storage, and processing of natural gas and natural gas liquids. There will be some overlap with existing MLP products, but the targeted focus on natural gas [...] Click here to read the original article on ETFdb.com. Related Stories: UBS Launches Leveraged MLP Infrastructure ETN (MLPL) UBS Launches Alerian MLP Infrastructure Index (MLPI) Beyond UNG: Alternative ETF Plays On Natural Gas