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Swank Capital, Cushing Asset Management rebalance Cushing MLP Market Cap Index.

BANKING AND CREDIT NEWS-September 12, 2016-Swank Capital, Cushing Asset Management rebalance Cushing MLP Market Cap Index

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Swank Capital, LLC, and Cushing Asset Management, LP have reported plans to rebalance the Cushing MLP Market Cap Index as part of normal index operations, the company said.

The company said 30 constituents of the Index will be rebalanced, effective on September 19, 2016.

The Cushing MLP Market Cap Index provides a benchmark designed to track the performance of widely held master limited partnerships (MLPs). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5 percent at rebalance.

Cushing Asset Management, LP is a subsidiary of Swank Capital, LLC, an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts, which invest primarily in securities of MLPs and other natural resource companies.

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Publication:M2 Banking & Credit News (BCN)
Date:Sep 12, 2016
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