OppenheimerFunds has expanded its institutional and high net worth (HNW) solutions offerings with broadened distribution capabilities for its SteelPath Focused MLP Strategy.
Launched in 2004 and currently offered as a separately managed account and model portfolio delivery, the strategy seeks to provide institutional and HNW investors and advisors with a dedicated midstream energy portfolio that offers the potential to provide long-term capital appreciation through distribution growth and an attractive level of current income. Stuart Cartner (pictured), and Brian Watson, CFA, manage the fund.
“With institutional and HNW client interest in the MLP market continuing to grow in tandem with increased demand for more customised investment products overall, we are excited about the potential impact that our Focused MLP Strategy can bring to this critical client segment,” says Cartner.
OFI SteelPath, an innovator in developing midstream energy investment products, launched the first open-end MLP mutual fund in the market in 2010. Energy infrastructure assets include pipelines, tanks, rail cars, ships, terminals, and storage facilities characterised by their strategic importance within the energy value chain and largely fee-based revenues.
