NYSE Euronext (NYSE Euronext: NYX) today announced that Bear Stearns (NYSE: BSC) issued their first Exchange Traded Note (ETN), the BearLinx Alerian MLP Select Index ETN on the NYSE, under the ticker symbol BSR. The BearLinx Alerian MLP Select Index ETN is based on the Alerian MLP Select Index whose components are publicly listed energy MLPs engaging in the exploration, marketing, mining, processing, production, storage or transportation of any mineral or natural resource.
“We are pleased to have Bear Stearns list their first Exchange Traded Note on the NYSE,” said NYSE Group Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. “The BearLinx Alerian MLP Select Index ETN gives investors exposure to the most prominent energy master limited partnerships and further solidifies NYSE Euronext’s commitment to add more groundbreaking products to our roster.”
With 25 of the 37 components in the Alerian MLP Select Index listed on the NYSE, the BearLinx Alerian MLP Select Index ETN’s top five companies by weight include, Enterprise Product Partners (NYSE: EPD), Kinder Morgan Energy Partners (NYSE: KMP), Plains All American Pipeline Partners (NYSE: PAA), Energy Transfer Partners (NYSE: ETP) and TEPPCO (NYSE: TPP).
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.8 trillion/€22.8 trillion total market capitalization of listed companies and average daily trading value of approximately $127.0 billion/€94.0 billion (as of June 29, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.