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Barclays Bank PLC Announces No Changes to the Atlantic Trust Select MLP Index

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By Business Wirevia The Motley Fool

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Barclays Bank PLC Announces No Changes to the Atlantic Trust Select MLP Index

Atlantic Trust Select MLP Index used as underlying index in the Barclays ETN+ Select MLP ETN (ticker: ATMP)

NEW YORK–(BUSINESS WIRE)– Barclays Bank PLC announced today that following the close of business on Friday, April 12, 2013, there will be no changes to the constituents in the Atlantic Trust Select MLP Index (the “Index”).

Barclays ETN+ Select MLP Exchange Traded Note (“ETN“) is linked to the performance of the volume weighted average price (“VWAP“) of the Index. The ETN was listed on the NYSE Arca stock exchange in March 2013 under the ticker symbol ATMP.

In accordance with the Index methodology as described in the prospectus relating to the ETN, the Index is rebalanced quarterly. The 23 constituents of the Index will be rebalanced on a capped, float-adjusted, capitalization-weighted basis across four index business days starting on Friday, April 12, 2013. Constituent additions to and deletions from the Index do not reflect an opinion by Barclays Bank PLC on the investment merits of the respective securities.

The target weights for the top Limited Partnership (“LP“) and General Partnership (“GP“) Index constituents, effective on April 12, 2013, are reported in the table below. For more information regarding how an Index constituent is classified as a LP or a GP, please see the prospectus relating to the ETN.

LIMITED PARTNERSHIPS         GENERAL PARTNERSHIPS
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Source: FULL ARTICLE at DailyFinance
Business, Finance, Occupation & Industry

Barclays Launches the Barclays ETN+ Select MLP Exchange Traded Note

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By Business Wirevia The Motley Fool

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Barclays Launches the Barclays ETN+ Select MLP Exchange Traded Note

New Barclays ETN+ Select MLP ETN (ticker: ATMP) provides investors with exposure to a select group of partnerships and companies in the MLP space

NEW YORK–(BUSINESS WIRE)– Barclays Bank PLC announced today the launch of the Barclays ETN+ Select MLP Exchange Traded Note (“ETN”) on the NYSE Arca stock exchange under the ticker symbol ATMP. The ETN is designed to provide investors with exposure to a basket of midstream US master limited partnerships (“MLPs”), limited liability companies (“LLCs”) and corporations by tracking the volume weighted average price (“VWAP“) of the Atlantic Trust Select MLP Index (the “Index”). Additionally, the Index will also provide exposure to general partners of US MLPs in Canada.

“In response to the growing demand for yield, this MLP ETN offers the potential for income along with upside appreciation via a more focused exposure to a subset of general partners and limited partners in the MLP space, developed by the Atlantic Trust team,” said Ian Merrill, Head of Barclays ETNs, Americas. “We are pleased to have been able to extend our range of Barclays ETN+ ETNs through this partnership.”

“The objective of the Index is to focus on a select group of midstream MLPs, as defined by credit ratings, size and other criteria, and their respective general partners,” said Adam Karpf, Portfolio Manager and Managing Director at Atlantic Trust. “Within the MLP sector, we believe that investment grade midstream MLPs offer an attractive opportunity set to capitalize on the secular trends in the energy industry. The inclusion of midstream general partners in the Index, structured as both MLPs and corporations, provides additional exposure to a fast growing and attractive sub-sector in the energy infrastructure industry.”

The ETN prospectus can be found on EDGAR, the SEC website at: www.sec.gov, as well as on the product website at www.etnplus.com.

Barclays ETN+ ETNs are senior, unsecured, unsubordinated debt securities issued by Barclays Bank PLC. Barclays Bank PLC is the issuer of Barclays ETN+ ETNs and Barclays Capital Inc. is the issuer’s agent.

Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people. We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We’re one of the largest …read more
Source: FULL ARTICLE at DailyFinance