UBS adds to E-Tracs platform with issue tied to Wells Fargo MLP index

By Angela McDaniels

Tacoma, Wash., Nov. 1 - UBS AG, Jersey Branch's new exchange-traded access securities linked to the Wells Fargo Master Limited Partnership index began trading Monday on NYSE Arca under the ticker symbol "MLPW," according to a news release from UBS Investment Bank.

This is the 17th exchange-traded note in UBS' E-Tracs platform. It provides exposure to the master limited partnership energy sector and pays a variable quarterly coupon linked to the cash distributions associated with the MLP constituents of the index, less investor fees.

"This is our fifth ETN based on master limited partnerships and rounds out our suite of energy MLP products," Christopher Yeagley, managing director and U.S. head of equity structured products, said in the release. "UBS E-Tracs now offers ETNs linked to both the infrastructure and natural gas components of the energy MLP market, short exposure to energy MLPs, leveraged exposure to energy MLPs and now broad exposure to the MLP energy market."

UBS has 16 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; one linked to the Alerian Natural Gas MLP index; and one that offers 1x monthly short exposure to the Alerian MLP Infrastructure Total Return index.

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