A Core Midstream Energy ETN That T. Boone Pickens Would Be Proud Of

MarketsETF Trends

This article was originally published on ETFTrends.com.

UBS Investment Bank expanded its line of ETRACS exchange traded notes with a new strategy that draws inspiration from oil tycoon T. Boone Pickens to help investors track companies involved in the energy space. On Tuesday, UBS launched the ETRACS NYSE Pickens Core Midstream Index ETN (NYSEArca: PYPE), which has a 0.85% expense ratio. The [...]

Continue Reading Below

Read more at ETFTrends.com >