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Morgan Stanley Floats New MLP ETN
Morgan Stanley has unveiled a new master limited partnership exchange-traded notes.
Morgan Stanleyhas unveiled a new master limited partnership (MLP) exchange-traded notes (ETN),Index Universereports. TheMorgan Stanley Cushing MLP High Income Index ETNwill focus on the energy transport sector.
The ETN has an expense ratio of 0.85%. The fund will track theCushing MLP High Income Index, which consists of 30 MLPs that hold energy infrastructure and related shipping assets in North America, addsETFguide.
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