Amplify has launched the Amplify YieldShares Oil-Hedged MLP Income ETF (Bats: AMLX), the only MLP ETF to actively hedge its exposure to oil prices. AMLX is the fourth income-oriented ETF to launch on the Amplify YieldShares platform.
AMLX seeks to own historically high-yielding oil & gas master limited partnerships (MLPs) while hedging exposure to oil prices. The active oil price hedge seeks to reduce MLP price volatility and correlation to oil price declines.
“Recent history has shown that oil price declines can have a significant impact on MLP share prices,” says Christian Magoon, ETF industry veteran and CEO of Amplify ETFs. “AMLX is an ETF designed to hedge the impact of oil on MLPs while seeking to provide income and professional management of the portfolio.”