Bringing you live news and features since 2006 

UBS launches energy ETN linked to Wells Fargo MLP Index


UBS Investment Bank has added to its suite of UBS E-Tracs exchange-traded notes with the new UBS E-Tracs linked to the Wells Fargo MLP Index due 29 October 2040.

It began trading today on NYSE Arca under the ticker symbol MLPW and provides investors a way to gain exposure to the master limited partnership energy sector.

"We are excited to bring this 17th UBS E-Tracs ETN to market," says Christopher Yeagley, managing director and US head of equity structured products. "This is our fifth ETN based on master limited partnerships, and rounds out our suite of energy MLP products. UBS E-Tracs now offers ETNs linked to both the infrastructure and natural gas components of the energy MLP market, short exposure to energy MLPs, leveraged exposure to energy MLPs, and now broad exposure to the MLP energy market."

The UBS E-Tracs Wells Fargo MLP Index is linked to the Wells Fargo MLP Index and pays a variable quarterly coupon linked to the cash distributions associated with the MLP constituents of the index, less investor fees. The payment at maturity or upon earlier redemption or call by UBS is linked to the performance of the index.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by