Yorkville launches high income infrastructure MLP ETF

Feb 18th, 2013 | By | Category: Equities

**Please join us at our Income & Yield Strategy Briefing, with presentations from BMO, Fidelity, First Trust, Lyxor and WisdomTree, on Thursday 29th June 2017 @ The Ned, London - REGISTER NOW**

Yorkville ETF Advisors has expanded its line-up of master limited partnership (MLP) products with the launch of the Yorkville High Income Infrastructure MLP ETF (YMLI).

Yorkville launches high income infrastructure MLP ETF

Yorkville has launched the high income infrastructure MLP ETF.

The NYSE-listed fund provides exposure to infrastructure MLPs, which are expected to benefit significantly over the next decade in response to demand for pipelines, storage facilities and processing systems required by rapidly growing US energy production.

Darren Schuringa, managing partner of Yorkville ETF Advisors, said: “Infrastructure MLPs provide investors with a potential source of high income and distribution growth in a yield-starved environment.”

He added: “YMLI represents Yorkville’s latest step toward offering a complete suite of products built on the firm’s extensive MLP research and asset management experience.”

The fund complements the existing Yorkville High Income MLP ETF (YMLP), which launched in March last year and has accumulated almost $140 million in assets. The two offerings have no overlap in holdings and, together, provide composite exposure to the MLP universe.

The fund is benchmarked to the Solactive High Income Infrastructure MLP Index, an index utilising a three-level screen to provide the basis for both quality (as defined by stable and growing distributions) and high income within a less concentrated portfolio.

Index constituents have market capitalisations greater than $1 billion and three-month average daily trading volume of $4 million. The index has 25 constituents, which are equal-weighted. The index is rebalanced annually and is published and maintained by Structured Solutions.

The fund has annual operating expenses of 0.82%. Exchange Traded Concepts serves as investment adviser, with Yorkville ETF Advisors and Index Management Solutions as sub-advisers.

Alternative products in the exchange-traded products space include the Alerian MLP ETF (AMLP) and the UBS ETRACS Alerian MLP Infrastructure Index ETN (MLPI), both of which are linked to the Alerian MLP Infrastructure Index and listed on the NYSE Arca. Similar to the Solactive index, the Alerian index comprises 25 energy infrastructure MLPs earning the majority of their cash flow from the transportation and storage of energy commodities.

Tags: , , , , , ,

Leave a Comment



More in Equities
FTSE launches low volatility Shariah index
A closer look at Shariah ETFs

Despite thriving and affluent Islamic communities across Europe and North America, Muslims living in these regions have traditionally been underserved when it comes...

Bats launch index tracking expected volatility in SPDR S&P 500 ETF
PowerShares to launch new low-volatility ETFs on US mid-cap & small-cap segments

Invesco PowerShares, a leading global provider of exchange-traded funds (ETFs), is to expand its suite of low-volatility ETFs with the launch of new...

Close