ALPS, a DST Company, has launched the ALPS Alerian MLP Infrastructure Index Fund, which delivers exposure to the Alerian MLP Infrastructure Index.
The index is a capped, float-adjusted, capitalisation-weighted composite of 25 energy infrastructure master limited partnerships that earn the majority of their cash flow from the transportation, storage, and processing of energy commodities.
The fund employs a “passive management” – or indexing – investment approach designed to track the performance of the index. The index is calculated using a capped, float-adjusted, capitalisation-weighted methodology intended to give investors a means of tracking the overall performance of the US energy infrastructure MLP asset class.
MLPs are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity-level taxation.
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