DALLAS, July 25, 2019 /PRNewswire/ -- Alerian announced
today that Andeavor Logistics (NYSE: ANDX) is expected to be
removed from the Alerian Midstream Energy Index (AMNA), Alerian US
Midstream Energy Index (AMUS), Alerian Midstream Energy Select
Index (AMEI), Alerian MLP Index (AMZ), Alerian MLP Infrastructure
Fund (AMZI), and Alerian MLP Equal Weight Index (AMZE) in a special
rebalancing.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Andeavor Logistics will
cease to trade due to its merger with MPLX (NYSE: MPLX). The
rebalancing will take place after market close on Monday, July 29.
Each index will be rebalanced in accordance with its existing
methodology. Constituent additions to and deletions from an index
do not reflect an opinion by Alerian on the investment merits of
the respective securities.
About Alerian
Alerian equips investors to make
informed decisions about energy infrastructure and Master Limited
Partnerships (MLPs). Its benchmarks are widely used by industry
executives, investment professionals, research analysts, and
national media to analyze relative performance. As of June 30, 2019, over $12
billion is directly tied to the Alerian Index Series through
exchange-traded funds and notes, separately managed accounts, and
structured products. Visit alerian.com to learn more.
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SOURCE Alerian