NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the JP Morgan Alerian MLP Index Exchange Traded Notes under the ticker symbol “AMJ”. Some 88% of the weight of the Alerian MLP Index is composed of NYSE Euronext-listed components.
The JPMorgan Alerian MLP Index Exchange Traded Notes are senior, unsecured obligations that provide exposure to the portfolio of midstream energy Master Limited Partnerships underlying the Alerian MLP Index. Master Limited Partnerships are limited partnerships that are publicly traded on a U.S. securities exchange. The majority of MLPs in existence today operate in the energy infrastructure industry and engage in the transportation and storage of natural resources such as refined petroleum products and natural gas.
The Alerian MLP Index
The Alerian MLP Index was created to provide a comprehensive benchmark for investors to track the performance of the energy MLP sector. Index components are selected by GKD Index Partners, LLC, an affiliate of Alerian Capital Management, LLC. Alerian is a registered investment advisor that manages portfolios focused on midstream energy MLPs. The company focuses on fundamental analysis in this emerging asset class.