Frankfurt (2 December 2019) – Today, MV Index Solutions (MVIS) announced the licensing of the MVIS North America Energy Infrastructure Index (MVEINC) to VanEck for the VanEck Vectors® Energy Income ETF (NYSE Arca: EINC). VanEck today announced to revamp an energy income ETF to better reflect investor needs and trends in the category. The VanEck Vectors® High Income MLP ETF (NYSE Arca: YMLP®) has been renamed the VanEck Vectors® Energy Income ETF (NYSE Arca: EINC). In addition to the new name and ticker, EINC is also now seeking to track the MVIS North America Energy Infrastructure Index.
The MVIS North America Energy Infrastructure Index is a rules based, modified capitalisation weighted, float adjusted index, intended to give investors a means of tracking the overall performance of companies involved in the midstream energy segment, which includes MLPs and corporations involved in oil and gas storage. The Index limits exposure to companies taxed as partnerships to 24% of its weighting each quarter, allowing the Fund to offer comprehensive exposure to the asset class without K-1 tax forms or fund-level taxation.
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