SS&C Technologies Holdings, Inc. has announced that SS&C ALPS Advisors, an asset manager and wholly-owned subsidiary of SS&C, has cut the fee for the Alerian Energy Infrastructure ETF (NYSE Arca: ENFR) from 0.65 per cent to 0.35 per cent, effective July 1, 2021.
The fund’s underlying index, the Alerian Midstream Energy Select Index (CME: AMEI), is designed to offer extensive exposure to the North American energy infrastructure index. In addition, today’s fee reduction positions ENFR as the lowest-cost1 ETF available, offering investors exposure to the midstream space.
“Today’s fee reduction is the result of our continual efforts to serve our clients’ best interests by delivering best-in-class products at competitive prices,” said Laton Spahr, President of SS&C ALPS Advisors. “ENFR now offers the lowest-cost and easiest way for investors to access the midstream space and its potential yield and growth. All while benefiting from a leading index partner like Alerian, which offers industry expertise in both index design and research.”
“Alerian has a track record of index innovation and a strong relationship with SS&C ALPS, partnering to deliver thoughtfully designed solutions to meet investor demand,” says Robert Hughes, Chief Commercial Officer of Alerian and S-Network Global Indexes. “Our underlying index to ENFR provides unique access to the broader energy infrastructure universe. We offer investors exposure to real assets, competitive yields relative to traditional income-producing sectors and total return potential.”
The energy renaissance in North America began with new technologies unlocking vast reserves of oil and natural gas. To create more sustainable businesses, midstream firms combine their focus on financial flexibility with research into alternative and renewable energy business opportunities. In addition, energy infrastructure MLPs and corporations have responded to growing investor focus on sustainability issues by improving transparency and ESG reporting.