Monday, March 26, 2012
J.P. Morgan Supports a New MLP ETF
Reported by Neil Anderson, Managing Editor
J.P. Morgan Worldwide Securities Services
confirmed that it will handle custody and transfer agency services for the Yorkville High Income MLP ETF
Yorkville ETF Advisors
is the subadviser tp the ETF that Exchange Traded Concepts launched
earlier this month.
J.P. Morgan works with about 200 ETFs with $115 billion in combined assets.
Company Press Release
J.P. MORGAN SELECTED BY YORKVILLE ETF ADVISORS TO SERVICE
INDUSTRY FIRST HIGH INCOME MLP ETF
NEW YORK, March 26, 2012– J.P. Morgan Worldwide Securities Services (WSS) today announced that it has been appointed by Yorkville ETF Advisors, LLC, an asset management firm and a subsidiary of Yorkville ETF Holdings, LLC, to provide custody and exchange traded fund (ETF) transfer agency services to its newly launched Yorkville High Income master limited partnerships (MLPs) ETF.
The ETF (NYSE: YMLP), which began trading on March 13, is the first to deliver exposure to high income, commodity-based MLPs. YMLP was developed to capture the investment opportunity in commodity sector MLPs, which historically have provided higher yields and faster distribution growth than the more popular infrastructure sector, according to Yorkville Capital Management, LLC.
“We are pleased to have launched these funds which will leverage J.P. Morgan’s ETF servicing solutions,” said Darren Schuringa, CFA, Managing Partner at Yorkville ETF Advisors. “We selected J.P. Morgan because of the financial strength of the firm, its advanced technology platforms, and for its reputation for quality and client service”
“We are delighted to have this opportunity to work with Yorkville ETF Advisors”, said Robert Caporale, Head of New Business Development – Americas for J.P. Morgan Worldwide Securities Services. “J.P. Morgan has a rich history of innovation in the ETF space, with a commitment to the custody and transfer agency businesses, and we look forward to working with Yorkville on their newly launched ETF.”
J.P. Morgan offers a full suite of services for the development, launch and servicing of ETFs. Industry-wide, J.P. Morgan currently services approximately 200 ETFs with total assets of $115 billion. To learn more about J.P. Morgan fund services, please visit www.jpmorgan.com/visit/etf. For more information about YMLP, please visit www.yetfs.com.
About Yorkville ETF Advisors, LLC
Yorkville ETF Advisors, LLC is an asset management firm and a subsidiary of Yorkville ETF Holdings, LLC.
The firm offers a rules-based investment philosophy with the intention of creating ETFs to track new investable indexes oriented toward income and superior investment solutions. Yorkville ETF Advisors has proven investment management and research that provides investors with innovative investment strategies.
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A business of JP Morgan Chase & Co., WSS leverages the firm’s global scale, leading technology and deep industry expertise to service investments around the world. It has $16.9 trillion in assets under custody and $7 trillion in assets under administration. For more information, go to www.jpmorgan.com/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Exchange Traded Concepts, LLC serves as the investment advisor and Yorkville ETF Advisors, LLC and Index Management Solutions, LLC serve as sub advisors to the fund. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.
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