Alerian Announces Launch of Large Cap MLP Index

DALLAS, April 5 /PRNewswire/ -- Alerian announced today that it has launched the Alerian Large Cap Index (ALCI), a composite of the 15 largest energy Master Limited Partnerships by market capitalization.

"Alerian is a service-focused company and we are committed to meeting the needs of our different stakeholders," said President and CEO Kenny Feng. "Over the last quarter, we have spent a significant amount of time talking with MLP executive teams to determine what is most important to them. The Alerian Large Cap Index is the first of several expected new indices created to give MLPs new tools for internal benchmarking."

The index, which is calculated using an equal-weighted methodology, will be disseminated daily on a price-return basis through ticker ALCI and on a total-return basis through ticker ALCIX. Relevant data points such as dividend yield will also be published daily. In addition, 10 years of historical index values have also been calculated on a price-return and total-return basis.

Last week, Alerian announced a corporate rebranding to focus on its leading position as a provider of energy MLP indexing and analytics, and has also spun off its active management business as SteelPath Capital. Alerian does not give financial advice, and as such can provide truly independent indexing solutions for the energy MLP asset class. The firm plans to continue the growth of its index family, expanding the depth and breadth of its data sets and analytics for clients as part of a broader corporate strategy to bring additional resources, focus and personnel to its industry-leading MLP indexing business.

About Alerian

Alerian is an independent company that provides objective market information. The company is a leader of MLP-market intelligence, providing benchmarks, data sets, and analytics that are used extensively by a range of stakeholders such as investment banks, stock exchanges, investment professionals and consultants, and Master Limited Partnerships. The Alerian Index Series is used for the purposes of asset allocation, investment analysis, portfolio hedging, and the creation of index tracking funds. Alerian is widely known for maintaining the leading benchmark of MLP equities: the Alerian MLP Index (NYSE: AMZ). For more information, please visit www.alerian.com.

SOURCE Alerian

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