UBS Debuts Wells Fargo MLP ETN (MLPW)

Continuing its push for dominance in the MLP space, UBS announced this week the launch of the E-TRACS Wells Fargo MLP Index ETN (MLPW). The new exchange-traded note will be linked to the Wells Fargo Master Limited Partnership Index, a float adjusted, capitalization weighted benchmark that seeks to measure the performance of all energy master limited partnerships listed on the NYSE or NASDAQ. The largest weightings in the underlying index include Enterprise Product Partners (13.2%), Kinder Morgan Energy (10%), and Plains All American Pipeline (5.6%). The debt security expires on October 29, 2040. UBS wasn’t the first to launch an MLP ETN–JPMorgan debuted AMJ in early 2009–but has quickly build the most complete lineup of products offering exposure to the red hot corner of the domestic energy market. MLPW joins exchange-traded products linked to the Alerian MLP Infrastructure Index (MLPI), a monthly 2x leveraged MLP ETN (MLPL), a [...] Click here to read the original article on ETFdb.com. Related Stories: UBS Suspends Leveraged ETFs, Wells Fargo To Review Credit Suisse Set To Launch Cushing 30 MLP Index ETN (MLPN) ALPS Launches First MLP ETF (AMLP)