FRANKFURT, Germany--(BUSINESS WIRE)--MV Index Solutions (MVIS) today launched the MVIS North America Energy Infrastructure Index (Ticker: MVEINC). The index expands the portfolio of MVIS’ hard asset indices, all of which are licensed to underlie exchange-traded funds (ETFs) with approximately USD 6.95 billion assets under management invested, as of October 14, 2019.
MVEINC is a rules-based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of North American companies involved in the midstream energy segment, which includes MLPs and corporations involved in oil and gas pipelines, storage facilities, and other activities associated with transporting, storing, and gathering natural gas liquids, crude oil or refined products.
“The MVIS North America Energy Infrastructure Index complements our range of indices in the oil sector, which already covers unconventional oil production, oil services and refining,” said Thomas Kettner, Managing Director at MV Index Solutions. “It also follows the high index quality standards which are applied to all MVIS Indices leading to pure-play exposure and liquid, investable and well-diversified indices.”
There are three distinct versions of the MVIS North America Energy Infrastructure Index currently available, with each weighted by free float market capitalisation and calculated in U.S.Dollar as a price, a total return net, and a total return gross index, respectively. Capping factors are applied to avoid overweighting of single index companies and MLP exposure. The index is reconstituted semi-annually and rebalanced quarterly. Detailed information about the MVIS North American Energy Infrastructure Index including methodology details and index data are available on MV Index Solutions website.
Market Capitalisation (bn USD): 512.67
Number of Components: 30
Base Date/Base Value: 31 Dec 2013/1000
Top 5 Companies by Weighting: Enbridge Inc. (8.55%), TC Energy Corp. (8.49%), Kinder Morgan Inc. (7.19%), Williams Cos Inc. (6.28%), Oneok Inc. (5.84%)
(Data as of 14 October 2019)
Note to Editors:
MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products.
As of 15 October 2019, approximately USD 13.27 billion in assets under management are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company.