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ALPS, sponsor of the world’s largest exchange-traded fund focused on Master Limited Partnerships (MLPs), has announced the launch of the Alerian Energy Infrastructure ETF (ENFR) on the NYSE Arca.
The ETF, which is linked to the Alerian Energy Infrastructure Index, is designed to deliver both energy infrastructure and MLP-focused investments to the retail market.
The Alerian Energy Infrastructure Index is a composite of 30 core North American energy infrastructure companies that engage in the transportation, storage, and processing of energy commodities.
The index was developed by Alerian, an independent provider of MLP and energy infrastructure market intelligence.
Index constituents belong to one of five categories: US MLP affiliates (30%), MLPs (25%), Canadian infrastructure companies (20%), US infrastructure companies (15%), and Canadian MLP affiliates (10%). Index constituents are equally weighted within each category.
Tom Carter, President of ALPS Advisors, said: “The Alerian Energy Infrastructure ETF represents what we think is an excellent way for investors to gain exposure to Alerian’s MLP and energy infrastructure expertise. We believe the underlying index they’ve built provides a comprehensive representation of the major players in the North American energy infrastructure sector.”
Kenny Feng, Alerian’s President and CEO, added: “The Alerian Energy Infrastructure ETF is a product that will allow investors to access 30 core companies that transport, store, and process energy resources across North America. We believe these companies will be instrumental in the energy infrastructure build-out necessary to achieve energy independence by 2030.”
ALPS and Alerian introduced the industry’s first MLP ETF in 2010, the Alerian MLP ETF (AMLP), which now has more than $7 billion in assets.
The new fund has an expense ratio of 0.65%.