Morgan Stanley Floats New MLP ETN

Morgan Stanley has unveiled a new master limited partnership (MLP) exchange-traded notes (ETN), Index Universe reports. The Morgan Stanley Cushing MLP High Income Index ETN will focus on the energy transport sector.

The ETN has an expense ratio of 0.85%. The fund will track the Cushing MLP High Income Index, which consists of 30 MLPs that hold energy infrastructure and related shipping assets in North America, adds ETFguide.

Click here for the story from Index Universe.

Click here for the additional coverage from ETFguide.