UBS launches E-Tracs with short exposure to Alerian MLP Infrastructure

By Angela McDaniels

Tacoma, Wash., Sept. 29 - UBS AG, Jersey Branch's new 1X monthly short exchange-traded access securities linked to the Alerian MLP Infrastructure Total Return index began trading Wednesday on NYSE Arca under the ticker symbol "MLPS," according to a news release from UBS Investment Bank.

This is the 16th exchange-traded note in UBS' E-Tracs platform. It is designed to provide short exposure to the master limited partnership market by tracking the inverse performance of the Alerian MLP Infrastructure Total Return index.

The index is comprised of 25 energy infrastructure MLPs whose constituents generally earn the majority of their cash flow from the transportation and storage of energy commodities.

"This is our fourth ETN with Alerian and expands even further our spectrum of MLP ETN choices, giving investors an easily accessible, exchange-traded vehicle to hedge their exposure to the master limited partnership market," Christopher Yeagley, managing director and U.S. head of equity structured products, said in the release.

UBS has 15 other existing E-Tracs: 10 that track the performance of various UBS Bloomberg CMCI indexes, like platinum, silver, gold, livestock and food; 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 linked to the Alerian MLP Infrastructure index; one that offers two times leveraged exposure to the Alerian MLP Infrastructure index; and one linked to the Alerian Natural Gas MLP index.

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