J.P. Morgan Asset Management has added an exchange traded note (ETN) to its catalogue of tracker notes aimed at investors seeking exposure to master limited partnerships (MLPs).
The asset management arm of the US investment bank has listed on the NYSE Arca the Alerian MLP Index ETN (AMJB), which matures in 2044. The new note tracks the Alerian MLP Index (AMZ), a capped, float-adjusted, cap-weighted index that serves as the leading measure of energy infrastructure MLPs. The index measures the composite performance of energy-oriented MLPs that earn most of their cash flows from qualified activities involving energy commodities using a capped, float-adjusted, capital
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