Global X Funds has launched a new exchange-traded fund offering access to master limited partnerships, which the firm says charges roughly half other ETF providers charge in this invest category.

The fund, called Global X MLP ETF (MLPA), offers exposure to the Solactive MLP Composite Index, which is designed to be a MLP benchmark index for energy and resource master limited partnerships. As of April 17, 2012, the index consisted of 30 MLPs and the three largest components of the index were Energy Transfer Partners, Enterprise Products Partners, and Plains All American Pipeline.

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