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 ETRACS NYSE Pickens Core Midstream Index ETN tries to reflect the performance of the NYSE Pickens Core Midstream Index, which includes U.S. corporations and master limited partnerships that represent U.S. midstream energy fundamentals, agnostic of entity structure, according to the ETN’s prospectus. The ETN covers companies that earn the majority of their operating income from midstream energy activities, including gathering and processing, liquefaction, pipeline transportation, rail terminaling and storage of energy commodities.

Specifically, underlying holdings are based off FactSet RBICS where all companies including corporations and MLPs classified under the Level 2 classification of “Downstream and Midstream Energy” are extracted.

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