Market Overview

Andeavor Logistics Expected to Be Removed from the Alerian Index Series

Share:

DALLAS, July 25, 2019 /PRNewswire/ -- Alerian announced today that Andeavor Logistics (NYSE:ANDX) is expected to be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian Midstream Energy Select Index (AMEI), Alerian MLP Index (AMZ), Alerian MLP Infrastructure Fund (AMZI), and Alerian MLP Equal Weight Index (AMZE) in a special rebalancing.

Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Andeavor Logistics will cease to trade due to its merger with MPLX (NYSE:MPLX). The rebalancing will take place after market close on Monday, July 29.

Each index will be rebalanced in accordance with its existing methodology. Constituent additions to and deletions from an index do not reflect an opinion by Alerian on the investment merits of the respective securities.

About Alerian
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of June 30, 2019, over $12 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. Visit alerian.com to learn more.

Cision View original content:http://www.prnewswire.com/news-releases/andeavor-logistics-expected-to-be-removed-from-the-alerian-index-series-300890808.html

SOURCE Alerian

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com