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UBS Investment Bank
today announced that the
ETRACS Alerian MLP Infrastructure ETN (Ticker: MLPI) is the top performing exchange-traded product linked to the
Alerian MLP Infrastructure Index (Ticker: AMZI) for 2012 year to date.
Both MLPI and the Alerian MLP ETF (Ticker: AMLP) are designed to deliver the performance of the
Alerian MLP Infrastructure Index (the “Index”), minus fees. The table below summarizes their performance year-to-date and since the first day that both products could be purchased on an exchange:
Total Return Since
Source: Bloomberg, 04/30/2012*August 25, 2010 was the first day that both products could be purchased on an exchange.MLPI first day of trading: 04/01/2010AMLP first day of trading: 8/25/2010About the Index
The Index is a liquid, midstream-focused
subset of the Alerian MLP Index comprised of 25 energy infrastructure MLPs. The Index, whose constituents generally earn the majority of their cash flow from the transportation and storage of energy commodities, provides investors with a benchmark for the infrastructure component of this emerging asset class. The Index is calculated using a capped, float-adjusted, capitalization-weighted methodology that results in greater diversification versus a pure market capitalization-weighted index.
Exposure to a portfolio of 25 energy infrastructure MLPs through a single, exchange-traded security
Income via quarterly coupons linked to cash distributions, if any, paid by the MLPs in the Index, less fees 1
No K-1s: the coupons associated with the ETN are reported as ordinary income on Form 1099, and therefore the administrative burden associated with K-1 forms is eliminated 2.
For further information about ETRACS ETNs, go to
Exchange Traded Access Securities, ETRACS, are exchange-traded notes (ETNs), an innovative class of investment products offering access to markets and strategies that may not be readily available to investors, and offer unique diversification opportunities in a number of different sectors. ETNs offer:
Access to asset classes with historically low correlations to more traditional asset classes