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.
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