In what could be taken as a sign of the times, Swank Capital and Cushing Asset Management have ‘terminated’ the Cushing Upstream Energy Income Index. The index tracked the performance of publicly traded US royalty trusts and upstream energy master limited partnerships (MLP). The decision to terminate was based on the fact that the number of potential index constituents has ‘declined significantly’ since inception.
The decline is down to industry consolidations, bankruptcies and de-listings amongst upstream Master Limited Partnerships (MLP) and non-MLP royalty trusts. The Index was terminated on May 31, 2017. No price or total return index levels will be published henceforth. Other Cushing Indices are not affected.
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