UBS announces launch of E-Tracs tied to Alerian Natural Gas MLP index

By Angela McDaniels

Tacoma, Wash., July 14 - UBS Investment Bank has further expanded its exchange-traded access securities platform by adding E-Tracs linked to the Alerian Natural Gas MLP index, according to a UBS news release.

The new E-Tracs began trading Wednesday on NYSE Arca under the ticker symbol "MLPG" and provide exposure to a portfolio of master limited partnerships focused on natural gas infrastructure.

An MLP is a publicly traded limited partnership that combines the tax advantages of a partnership with the liquidity of a publicly traded stock, the issuer noted.

The Alerian Natural Gas MLP index is an equally weighted composite of the 15 largest natural gas infrastructure MLPs and pays a variable coupon linked to the distributions associated with the underlying constituents.

The notes were issued by UBS AG, Jersey Branch.

UBS has 14 other E-Tracs exchange-traded notes - 10 of which track the performance of various UBS Bloomberg CMCI indexes, one that tracks the total return of the Dow Jones - UBS Commodity index, one that is linked to the S&P 500 Gold Hedged index, one that is linked to the Alerian MLP Infrastructure index and one that provides two-times leveraged exposure to the Alerian MLP Infrastructure index.

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