Swank Energy Income Advisors Launches MLP Index

 

NAPTP member Swank Energy Income Advisors, L.P., an SEC-registered Investment Advisor focused on MLPs and natural resource companies,  announced on January 6, 2010 the launch of the Cushing® 30 MLP Index, an equal weighted index comprised of the 30 most stable and widely held energy infrastructure MLPs.  The MLPs were selected for inclusion based on a proprietary valuation system.   Among the criteria for inclusion, an MLP must be be primarily engaged in natural resource-related businesses, such as transportation, storage, gathering and processing; must be publicly traded; and must currently pay a distribution.

The Index has been designed for actual use by portfolio managers.  It will be calculated by Standard & Poor’s and priced on a real-time, daily basis by S&P under the ticker MLPX as well as on a total-return basis, using end of day pricing, under the ticker MLPXTR.  

To see the press release announcing the Index, click here. 

For complete information on the Index, click here to visit the Cushing® 30 MLP Index website.