Barclays Bank has added four new constituents to the Atlantic Trust Select MLP Index, which is used as the underlying index in the Barclays ETN+ Select MLP ETNs.
As of the close of business on 11 April 2014, the following additions will be made to the index:
• EnLink Midstream Partners LP ENLK +2.27 per cent (type: LP)
• EnLink Midstream LLC ENLC +3.01 per cent (type: GP)
• Western Gas Equity Partners LP WGP +0.24 per cent (type: GP)
• Plains GP Holdings LP PAGP +1.43 per cent (type: GP)
The Barclays ETN+ Select MLP ETN is linked to the performance of the Volume-Weighted Average Price (VWAP) of the Index. The ETN was listed on the NYSE Arca stock exchange in March 2013 under the ticker symbol ATMP.
The Atlantic Trust Select MLP Index is designed to provide exposure to a basket of midstream US and Canadian master limited partnerships, limited liability companies and corporations that trade on major US exchanges, are classified in the GICS Energy Sector or GICS Gas Utilities Industry according to the Global Industry Classification Standard (GICS) and meet certain eligibility criteria.
The index constituents are selected for inclusion in the index using the Atlantic Trust Select Master Limited Partnership Strategy developed by AT Investment Advisers. The strategy dynamically selects a basket of up to 100 index constituents based on their long-term credit rating, the portion of their cash flow driven by mid-stream operations and their size as measured by free-float market capitalisation and average daily trading value. The index selection agent provides the index constituents selected by the strategy to Barclays Bank PLC.