UBS offers access to MLPs through fast-growing ETN market

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UBS notes offer exposure to MLP market

UBS has listed a new exchange-traded note (ETN) in the US, tracking the performance of energy infrastructure master limited partnerships (MLPs), boosting the bank's offering in this growing investment class. The UBS E-Tracs 2x Alerian MLP Infrastructure Index offers leveraged exposure to the underlying MLPs and twice the distribution returns, which give a return of around 13% per annum after fees, according to Christopher Yeagley, US head of equity structured products at UBS in Stamford, Conn