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Monday, January 14, 2013

Global X Debuts Another MLP Offering

News summary by MFWire's editors

Commodity and exotic sector ETF sponsor Global X [profile] will debut its second MLP ETF on Tuesday, reports Fox Business.

The Global X Junior MLP ETF follows the launching of the Global X MLP ETF, which was introduced to the market April 2012, and has gathered $25.8 million in assets as of January 10. The new ETF will focus on MLPS with market caps ranging between $200 million to $2.5 billion.

This new product will join the space already occupied by popular MLP ETPs in the market such as the JPMorgan Alerian MLP ETN, the Alerian MLP ETF, and the First Trust North American Energy Infrastructure Fund

Edited by: HFD


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