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 (NYSE: MLPJ) will be the firm's second MLP ETF. The firm introduced the Global X MLP ETF (NYSE: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 (NYSE:AMJ), the Alerian MLP ETF (NYSE:AMLP) and the First Trust North American Energy Infrastructure Fund (NYSE:EMLP), but those funds along with MLPA are focused primarily on larger MLPs such as Enterprise Products (NYSE:EPD) and Magellan Midstream (NYSE: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.

(c) 2013 Benzinga does not provide investment advice. All rights reserved.