Home > UBS Is Set To Begin Trading The E-TRACS Alerian MLP Infrastructure ETN (MLPI) On April 1
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UBS Is Set To Begin Trading The E-TRACS Alerian MLP Infrastructure ETN (MLPI) On April 1

March 31st, 2010

UBS is set to begin trading the “UBS E-TRACS Alerian MLP Infrastructure ETN” (MLPI) Tomorrow. The UBS E-TRACS Alerian MLP Infrastructure ETN is designed to track the performance of the Alerian MLP Infrastructure Index, less investor fees. Though linked to the performance of a market benchmark, ETNs are not equities or index funds, but they do share several characteristics of the latter. Similar to equities, they are traded on an exchange and can be shorted. Similar to index fund, they are linked to the return of a benchmark index. But as debt securities, ETNs don’t actually own anything they are tracking.

About the index:

The Alerian MLP Infrastructure Index, comprised of 25 energy infrastructure Master Limited Partnerships, is a liquid, midstream-focused subset of the Alerian MLP Index (NYSE: AMZ). The index, whose constituents generally earn the majority of their EBITDA from the transportation and storage of energy commodities, provides investors with an unbiased benchmark for the infrastructure component of this emerging asset class. Th e index is calculated using a capped, float-adjusted, capitalization-weighted methodology that results in greater diversification. The index is disseminated real-time on a price-return basis (NYSE: AMZI), and the corresponding total-return index is disseminated daily through ticker (AMZIX).

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TOP 10 CONSTITUENTS:

Company Name Ticker Wgt
Kinder Morgan Energy Partners LP (KMP) 9.60%
Enterprise Products Partners LP (EPD) 9.50%
Magellan Midstream Partners LP (MMP) 7.10%
Plains All American Pipeline LP (PAA) 7.00%
Energy Transfer Partners LP (ETP) 6.90%
Enbridge Energy Partners LP (EEP) 6.50%
Buckeye Partners LP (BPL) 4.90%
NuStar Energy LP (NS) 4.70%
ONEOK Partners LP (OKS) 4.40%
MarkWest Energy Partners LP (MWE) 4.30%


ETF BASIC NEWS, NYSE:MLPI


 

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