Indie firm Global X Funds has launched yet another fund this week. 

The New York-based company, which prides itself on offering unique, market-exclusive ETFs, launched Monday the Global X Junior MLP ETF (MLPJ), the first and only ETF to target the small-cap segment of the MLP market, according to Global X.

Chief executive officer Bruno del Ama told Money Management Executive that the new fund capitalizes on the "renaissance of the U.S. energy industry," which he expects will drive an "enormous amount of growth."

In addition, the MLPJ will provide access to the MLP segment that is not provided by other existing MLP ETFs and exchange-traded notes. For one thing, whereas most exchange-traded products tend to focus on exposure to infrastructure, the MLPJ also provides exposure to production companies, which stand to benefit most from the "energy renaissance," del Ama said. Also, most companies tend to gravitate toward larger MLP companies, he added.

"The one area thats really transformational is the renaissance of the U.S. energy industry," del Ama said. "With new technology, we have massive new production of natural gas and oil, and that's going to drive an enormous amount of growth. MLPs are going to be a huge beneficiary of those two key growth trend we're seeing: growth in energy resources, and the search for income in an environment where interest rates are really, really low."

The ETF tracks exposure to the Solactive Junior MLP Index, an MLP benchmark index for small-cap energy and resource master limited partnerships. As of January 11, 2013, the index consisted of 25 MLPs.

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