New Portfolio to Track Alerian Energy Infrastructure Index
ALPS launches the ALPS|Alerian Energy Infrastructure Portfolio as part of the ALPS Variable Investment Trust.
The Portfolio delivers exposure to the Alerian Energy Infrastructure Index, an index developed by Alerian, which is intended to give investors a transparent and intuitive means of tracking the overall performance of the North American Energy Infrastructure sector. The Index is comprised of equity securities of issuers headquartered or incorporated in the United States and Canada such as Master Limited Partnerships (“MLPs”) and limited liability companies taxed as partnerships, MLP affiliates, and Energy Infrastructure Companies.
The ALPS|Alerian Energy Infrastructure Portfolio will be the first of its kind to deliver energy infrastructure and MLP focused investments to the variable annuity market.
“We are excited to be able to introduce Alerian’s market-leading MLP and energy infrastructure expertise to a new audience in the variable annuity market,” said Corey Dillon, SVP and Director of Advisory Services for ALPS. “The launch of this Portfolio builds on our history of delivering innovative investment options through our partnership with Alerian.”
The two firms introduced the first and now largest MLP ETF*, the Alerian MLP Exchange Traded Fund (AMLP), in 2010. In December of last year, they launched the first passively managed MLP mutual fund, the ALPS | Alerian MLP Infrastructure Index Fund (ALERX).
“We look forward to continuing our partnership with ALPS in creating investment access to new markets,” said Alerian President and CEO, Kenny Feng. “This Portfolio, along with the ETF and mutual fund, reinforce Alerian’s mission to level the playing field in energy infrastructure and MLP investing.”