The ETF delivers exposure to high income, commodity-based MLPs, said JP Morgan.
According to Yorkville Capital Management, YMLP was developed to capture the investment opportunity in commodity sector MLPs, which have provided higher yields and faster distribution growth.
Yorkville ETF Advisors managing partner Darren Schuringa said that these funds will leverage JP Morgan’s ETF servicing solutions.
"We selected J.P. Morgan because of the financial strength of the firm, its advanced technology platforms, and for its reputation for quality and client service," Schuringa said.
