YOU CAN NOW OWN THE MLP INDEX!

Well if you can't decide which MLP to own you can now own them all with the new MLP index ETN (EXCHANGE TRADED NOTE). Note that for tax purposes instead of getting a k-1 you will get a 1099 as the distributions will be treated as ordinary income. Still for trading purposes it makes life alot simpler and for those of you who argue that MLPS should not be in an IRA (i have disagreed with this statement) you now can put this in an ira! The symbol is BSR and will trade on the NYSE. I am not sure what the price ratio will be relative to the index.