ALPS Launches First MLP ETF (AMLP)

The red hot energy MLP space continues to heat up, with ALPS announcing today the launch of the first exchange-traded fund offering exposure to Master Limited Partnerships that earn the majority of their cash flows from the transportation, storage, and processing of energy commodities. The Alerian MLP ETF (AMLP) will seek to replicate the performance of the Alerian MLP Infrastructure Index, a benchmark comprised of 25 energy infrastructure MLPs. That same benchmark is linked to the UBS E-TRACS Alerian MLP Infrastructure (MLPI), a product launched earlier this year. MLPI is structured as an exchange-traded note (ETN), meaning that is is a senior debt instrument issued by a financial institution. AMLP, on the other hand, is structured as an exchange-traded fund, meaning that its underlying holdings consist of the index constituents. AMLP is the latest addition to a corner of the domestic energy market that has attracted significant interest in recent months. JPMorgan [...] Click here to read the original article on ETFdb.com. Related Stories: ALPS Planning MLP ETF UBS Launches Leveraged MLP Infrastructure ETN (MLPL) UBS Launches New Natural Gas MLP ETN (MLPG)