Global X Small-Cap MLP ETF to Debut Tuesday

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.