“We are particularly excited to partner with Alerian and to offer the UBS E-TRACS Alerian MLP Infrastructure Index as it is the first time investors will have access to this market leading index,” said Christopher Yeagley, managing director and U.S. head of equity structured products.
MLPs are publicly traded limited partnerships that unite the tax advantages of a partnership with the liquidity of a publicly traded stock.
The Alerian MLP Infrastructure Index is a leading index for investing in energy infrastructure. Because the revenues of energy infrastructure MLPs tend to be correlated with the demand for energy commodities rather than the price of energy commodities, MLPs in energy infrastructure industries have relatively consistent, predictable cash flows.
The Alerian MLP Infrastructure Index includes only midstream energy transportation and storage assets, and its methodology selects those energy infrastructure companies that are hard-asset focused. The index provides diversified exposure specifically to infrastructure investment.
“Trusted innovation and data integrity are the values that drive our benchmarks and data sets,” said Alerian President and CEO Kenny Feng in a statement. “We are pleased that UBS has recognized the importance of independence and objectivity in the indices underlying its E-TRACS platform, and has turned to Alerian to provide the precision that only our proprietary databases can deliver.”