The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding investments in ETRACS Wells Fargo MLP Ex-Energy exchange-traded notes (ETNs).
ETRACS Wells Fargo MLP Ex-Energy ETN (NYSE: FMLP) is an exchange-traded note (ETN) linked to the performance of the Wells Fargo Master Limited Partnership Ex-Energy Index. It pays a variable monthly coupon connected to cash distributions on index constitutions, “if any,” minus investor fees. The index is a “modified market capitalization-weighted index of master limited partnerships (MLPs) that do not have an energy focus and that have a market capitalization of at least $100 million at the time of inclusion,” according to UBS. According to Bloomberg, FMLP has declined in value by more than 21% over the last year. Continue Reading