London Stock Exchange welcomes Alerian celebrating the listing of the Alerian Midstream Energy Infrastructure Dividend UCITS ETF

London Stock Exchange has welcomed the listing of the Alerian Midstream Energy Infrastructure Dividend UCITS ETF under ticker MMLP.

The Alerian Midstream Energy Infrastructure Dividend UCITS ETF has been issued via the HANetf white-label platform by US-based Alerian - the world leader in North American energy infrastructure indexing and research – as their first European-listed UCITS ETF. 

Alerian pioneering how the MLP asset class is measured and creating the most widely used real-time benchmark for midstream MLPs – the Alerian MLP Index. As of 30th June, 2020, Alerian had a 75.8% AuM market share for US-listed passive MLP exchange traded products . 

MMLP includes MLPs and C-Corporations. These companies generate fees by transporting, processing, and storing oil, natural gas and natural gas liquids, driving stable cash flows. The midstream sector has attracted investors due to its high income-yield characteristics, particularly among MLPs.

MMLP represents a significant step forward from first generation MLP ETFs that tended to track end-of-day market cap weighted indices or capture only a narrow slice of the overall midstream energy market. MMLP has improved on this approach by tracking a real-time dividend weighted index that contains over 30 constituents - including MLPs, US corporations, and Canadian corporations - providing broad midstream exposure and diversification.

“The launch of MMLP demonstrates European investors’ interest in exposure to North American midstream energy infrastructure,” said David LaValle, CEO at Alerian. “We are excited about our partnership with HANetf and our joint innovation to answer investors’ call for yield and income.”

Hector McNeil, co-CEO of HANetf, said “We are excited to bring MMLP to European investors who are in desperate need of more high-yielding and stable income streams. MMLP is the first and currently only UCITS ETF that embeds the expertise, coverage and classification of the world leader in this sector - Alerian. Launches like this illustrate why HANetf was created – to offer real value-added investment solutions in a transparent and tradable format.

“The North American energy infrastructure market represents a favourable investment opportunity. With the onset of the coronavirus crisis and the recent collapse in energy prices to levels never seen before, midstream energy companies have been trading at historically big discounts. With the expectation that the global economy will gradually lift lockdown restrictions and reopen for business, and as shale production and energy demand recover to pre-crisis levels, midstream energy companies offer an attractive risk-return opportunity to investors. MMLP will be an excellent way to invest in that opportunity.”

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Quick facts

Track
Market: Main Market
Instrument market cap (£m)
-
Listing/Admission to trading
30 Jul 2020
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