Alerian Announces Real-Time Launch of the Alerian MLP Closed End Fund Index
DALLAS, April 28, 2016 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian MLP Closed End Fund Index, a composite of Master Limited Partnership (MLP) closed-end funds electing to be treated as a corporation for federal income tax purposes. The equal-weighted index is disseminated real-time on a price-return basis (AMCI) and on a total-return basis (AMCIX).
"We believe MLP investors should make the passive versus active management decision first, the investment vehicle type decision second, and the specific product decision third," said Alerian President and CEO Kenny Feng. "MLP closed-end funds are unique in making a corporate tax election, employing leverage, benefiting from permanent capital and the resulting ability to invest in illiquid securities, and potentially trading at sizable discounts or premiums to net asset value.
"As such, any particular MLP closed-end fund is best compared to other funds that enjoy the same advantages and contend with the same structural constraints," Feng continued. "We are accordingly pleased to meet demand from both investors and fund managers alike for this particular benchmark."
Constituents as of April 27, 2016
| Name |
Ticker |
| ClearBridge American Energy MLP Fund Inc |
CBA |
| ClearBridge Energy MLP Fund Inc |
CEM |
| Center Coast MLP & Infrastructure Fund |
CEN |
| ClearBridge Energy MLP Total Return Fund Inc |
CTR |
| Duff & Phelps Select Energy MLP Fund Inc |
DSE |
| ClearBridge Energy MLP Opportunity Fund Inc |
EMO |
| First Trust MLP & Energy Income Fund |
FEI |
| First Trust Energy Income & Growth Fund |
FEN |
| Fiduciary / Claymore MLP Opportunity Fund |
FMO |
| First Trust New Opportunities MLP & Energy Fund |
FPL |
| Goldman Sachs MLP & Energy Renaissance Fund |
GER |
| Goldman Sachs MLP Income Opportunities Fund |
GMZ |
| Nuveen Energy MLP Total Return Fund |
JMF |
| Nuveen All Cap Energy MLP Opportunities Fund |
JMLP |
| Kayne Anderson Energy Development Co |
KED |
| Kayne Anderson MLP Investment Co |
KYN |
| Neuberger Berman MLP Income Fund Inc |
NML |
| Tortoise MLP Fund Inc |
NTG |
| Cushing Royalty & Income Fund |
SRF |
| Cushing MLP Total Return Fund |
SRV |
| Tortoise Energy Infrastructure Corp |
TYG |
About Alerian
Alerian equips investors to make informed decisions about Master Limited Partnerships (MLPs) and energy infrastructure. Its benchmarks, including the flagship Alerian MLP Index (AMZ), are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. Over $13 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. For more information, including index values and constituents, research content, and announcements regarding rebalancings, please visit alerian.com.
SOURCE Alerian
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