Global X Small-Cap MLP ETF to Debut Tuesday

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Global X, the New York-based ETF sponsor known its lineup of commodities and unique sector funds, will introduce a new ETF focused on master limited partnerships (MLPs) on Tuesday January 15. The Global X Junior MLP ETF
MLPJ
will be the firm's second MLP ETF. The firm introduced the Global X MLP ETF
MLPA
in April 2012. MLPA had $25.8 million in assets under management as of January 10,
according to Global X data
. MLPJ will track a Solactive index of small-cap MLPs and will feature an annual expense ratio of 0.75 percent,
Index Universe reported
. Popular MLP exchanged traded products include the JPMorgan Alerian MLP ETN
AMJ
, the Alerian MLP ETF
AMLP
and the First Trust North American Energy Infrastructure Fund
EMLP
, but those funds along with MLPA are focused primarily on larger MLPs such as Enterprise Products
EPD
and Magellan Midstream
MMP
. By comparison, MLPJ, the new Global X fund, will be comprised primarily of MLPs with market caps ranging from $200 million to $2.5 billion. For more on ETFs, click
here
.
Posted In: NewsSector ETFsSpecialty ETFsNew ETFsAfter-Hours CenterMarketsETFsGlobal X Funds
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