JP Morgan Chase lists Alerian MLP Index ETN on Arca

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 ...