JP Morgan Chase has launched its Alerian MLP Index ETN on NYSE Arca. The index includes NYSE Euro...
JP Morgan Chase has launched its Alerian MLP Index ETN on NYSE Arca. The index includes NYSE Euronext-listed components, which constitute 88% of the weighting. The notes are classed as senior unsecured debt obligations and offer exposure to a portfolio of midstream energy Master Limited Partnerships (MLPs), which underlie the Alerian MLP index. The Alerian MLP index is designed to offer a benchmark for investors to track the performance of the energy MLP sector. MLPs are limited partnerships that are publicly traded on a US securities exchange. Most of the MLPs operate in ...
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