Global X Launches Junior MLP ETF
Global X, the firm behind the cheapest MLP ETF currently available to U.S. investors, announced today the launch of a fund targeting exclusively junior MLPs. The new Junior MLP ETF (MLPJ) will be linked to the Solactive Junior MLP Index, which includes about 25 companies that are engaged in the production, transportation and storage of energy commodities [see Energy Bull ETFdb Portfolio]. The specific breakdown of the industry within MLPJ will be as follows: Exploration & Production: 44% Energy Transportation / Storage: 39% Refining / Distribution: 13% Energy Equipment: 3% Small vs. Large MLPJ will be the first to target junior MLPs; all of the existing ETPs in the MLPs ETFdb Category focus on larger companies such as Kinder Morgan (KMP, with a market cap of about $32 billion) and Enterprise Products Partners (EPP, with a market cap of almost $50 billion). The largest components of MLPJ will be Suburban [...] Click here to read the original article on ETFdb.com. Related Posts: MLP ETFs Have Post-Election Hangover UBS Adds Its Own Alerian MLP ETN (AMU) Guide To MLP ETFs (And ETNs) AMJ Gets A Cap: MLP ETFs In Focus Zacks Plans Dividend, MLP Funds And Direxion Fills Pipeline
Global X, the firm behind the cheapest MLP ETF currently available to U.S. investors, announced today the launch of a fund targeting exclusively junior MLPs. The new Junior MLP ETF (MLPJ) will be linked to the Solactive Junior MLP Index, which includes about 25 companies that are engaged in the production, transportation and storage of energy commodities [see Energy Bull ETFdb Portfolio]. The specific breakdown of the industry within MLPJ will be as follows: Exploration & Production: 44% Energy Transportation / Storage: 39% Refining / Distribution: 13% Energy Equipment: 3% Small vs. Large MLPJ will be the first to target junior MLPs; all of the existing ETPs in the MLPs ETFdb Category focus on larger companies such as Kinder Morgan (KMP, with a market cap of about $32 billion) and Enterprise Products Partners (EPP, with a market cap of almost $50 billion). The largest components of MLPJ will be Suburban [...]

Click here to read the original article on ETFdb.com.

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