Bringing you live news and features since 2006 

Credit Suisse launches ETN tracking Swank Energy Cushing index


Credit Suisse Securities (USA) has launched an exchange-traded note tracking the Swank Energy sponsored Cushing 30 MLP Index.

The ETN is listed on the NYSE Arca under the ticker symbol MLPN.

The Cushing 30 is a fundamental based North American energy infrastructure index, comprised of 30 equally weighted publicly traded MLPs.

By basing inclusion in the index on fundamental drivers such as cash flow, distribution growth, and balance sheet strength, the Cushing 30 corrects inherent flaws of market-capitalisation weighted indices and provides investors with an index that more accurately reflects the performance of a well-diversified passive MLP portfolio.

The Cushing 30 is calculated by Standard & Poor’s.

Swank Capital founder and managing partner Jerry Swank says: “MLPs provide exposure to both current income and growth, and the Cushing 30 linked ETN provides an additional means for investors who seek passive exposure to the emerging MLP asset class. For individual and institutional investors, efficient and prudent access to passively-managed MLPs can be optimally achieved through the Cushing 30 MLP Index, the only MLP index with allocations that capture fundamentally-derived performance and potential. In this way, the Cushing 30 is more representative of the MLP sector, and is a more ‘investable’ portfolio than a highly concentrated, market capitalization-weighted MLP index.”

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by