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UBS launches new energy ETN linked to Alerian MLP Infrastructure Index

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UBS Investment Bank has expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding the new UBS E-TRACS Alerian MLP Infrastructure Index.

 

The new ETN, which provides a high level of diversified exposure to energy infrastructure Master Limited Partnerships (MLPs), has begun trading on NYSE Arca under the ticker symbol, MLPI.
 
“Since UBS launched its E-TRACS platform two years ago, we have had a tremendous response,” said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. “With the addition of this new ETN, we now have 13 attractive ETNs to offer investors access to a wide range of assets. We are particularly excited to partner with Alerian and to offer the UBS E-TRACS Alerian MLP Infrastructure Index as it is the first time investors will have access to this market leading index.”
 
A Master Limited Partnership (MLP) is a publicly traded limited partnership that unites the tax advantages of a partnership with the liquidity of a publicly traded stock. The Alerian MLP Infrastructure Index is the leading index for investing in energy infrastructure. Because the revenues of energy infrastructure MLPs tend to be correlated with the demand for energy commodities rather than the price of energy commodities, MLPs in energy infrastructure industries have relatively consistent, predictable cash flows.
 
UBS E-TRACS belong to an innovative class of investment products offering access to markets and strategies that had not previously been readily available to individual investors, and offer unique diversification opportunities in a number of commodity sectors. UBS has 12 other existing E-TRACS ETNs – 10 of which track the performance of various UBS Bloomberg CMCI indexes, like platinum, silver, gold, livestock, food, etc, one that tracks the total return of the Dow Jones-UBS Commodity Index, and one that is linked to the S&P 500 Gold Hedged Index.
 
UBS E-TRACs are senior unsecured notes issued by UBS AG, are traded like any other security on NYSE Arca, and can be bought and sold through a broker or financial advisor.

 

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