Swank Energy Income Advisors, an SEC-registered Investment Advisor focused on MLPs and natural resource companies, today announced the launch of the Cushing® 30 MLP Index, a composite of the MLP asset class. The Cushing® 30 MLP Index is an equal-weighted index comprised of 30 MLPs selected for inclusion according to a proprietary valuation system. [The Alerian indexes are cap weighted] Swank Energy believes the Cushing® 30 MLP Index is an optimal measure of the performance of publicly traded energy infrastructure companies. Swank Capital founder and managing partner, Jerry Swank commented, "With a current average yield just over 7%, MLPs offer a compelling total return proposition from both current income and capital appreciation. The asset class has also demonstrated sustainability and relative stability throughout this recent, challenging economic environment. We believe there will be strong demand from both retail and institutional investors looking for yield and inflation protection." Swank Energy's Cushing® 30 MLP Index has been developed for actual use by portfolio managers and does not include the more commodity-sensitive upstream and shipping MLP sub-sectors. All indices are total return. Cushing® 30 MLP Index Index constituents:Name ---------------- TickerAlliance Resource Partners ARLPAmeriGas Partners LP APUBoardwalk Pipeline Partners BWPBuckeye Partners LP BPLCopano Energy LLC CPNODuncan Energy Partners Lp DEPEl Paso Pipeline Partners LP EPBEnbridge Energy Partners LP EEPEnergy Transfer Equity LP ETEEnergy Transfer Partners LP ETPEnterprise GP Holdings LP EPEEnterprise Product Partners LP EPDGenesis Energy LP GELInergy LP NRGYKinder Morgan Energy Part LP KMPMagellan Midstream Partners MMPMarkwest Energy Partners LP MWENatural Resource Partners LP NRPNuStar Energy LP NSNuStar GP Holdings LLC NSHONEOK Partners LP OKSPlains All American Pipeline PAARegency Energy Partners LP RGNCSPECTRA ENERGY PARTNERS LP SEPSunoco Logistics Partners LP SXLTARGA RESOURCES PARTNERS LP NGLSTC Pipelines LP TCLPWestern Gas Partners LP WESWilliams Partners LP WPZWilliams Pipeline Partners WMZ The Cushing 'fact sheet' - http://www.cushingmlpindex.com/downloads/MLP_Universe_Fact_S... - makes a pretty good sector update on MLPs - and contains full year 2009 returns for a lot of MLPs.link to the index - www.cushingmlpindex.com Note: Cushing is run by Swank - which runs the SRV MLP CEF. SRV has not been a satisfactory CEF. A comment borrowed from the Investor Village board from a respected member: "Swank is a thief. He charged management expenses on his "deferred tax asset", ie LOSSES, in SRV. Let's see, overstate your NAV by almost 100% by incorporating your loss carry forwards as a REAL asset, and then charge the shareholders your fee on those LOSSES. He should be banned from the business unless they rebate the fees." Summation: I like the idea of having two indexes - the cap weighted one and a non-cap weighted one [which has historically done better]. And if Cushing/Swank does a monthly or quarterly Fact Sheet Update - it will be worth a quick read.
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