{"id":398257,"date":"2020-12-11T09:05:29","date_gmt":"2020-12-11T14:05:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398257"},"modified":"2020-12-11T09:05:29","modified_gmt":"2020-12-11T14:05:29","slug":"cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/","title":{"rendered":"Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">DALLAS<\/span>, Dec.\u00a011, 2020 \/PRNewswire\/ &#8212;\u00a0Cushing<sup>\u00ae<\/sup> Asset Management,\u00a0LP, and Swank Capital,\u00a0LLC, announce today the upcoming rebalancing of The <span class=\"xn-location\">Cushing<\/span><sup>\u00ae<\/sup> MLP Market Cap Index (the &#8220;Index&#8221;) as part of normal index operations. After the markets close on <span class=\"xn-chron\">December 18, 2020<\/span>, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on December 21,\u00a02020:<\/p>\n<p>\n        <b>Constituents added:<br \/><\/b>Equitrans Midstream Corporation (NYSE: ETRN)<br \/>Noble Midstream Partners LP (NASDAQ: NBLX)<\/p>\n<p>\n        <b>Constituents removed:<br \/><\/b>KNOT Offshore Partners LP (NYSE: KNOP)<br \/>NGL Energy Partners LP (NYSE: NGL)<\/p>\n<p>ABOUT THE <span class=\"xn-location\">CUSHING<\/span><sup>\u00ae<\/sup> MLP MARKET CAP INDEX<\/p>\n<p>The <span class=\"xn-location\">Cushing<\/span><sup>\u00ae <\/sup>MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream corporations (each, a &#8220;Midstream Company&#8221; and collectively, &#8220;Midstream Companies&#8221;). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&amp;P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded Midstream Companies. The <span class=\"xn-location\">Cushing<\/span><sup>\u00ae<\/sup> MLP Market Cap Index is calculated by S&amp;P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker &#8220;CMCI&#8221;.<\/p>\n<p>ABOUT <span class=\"xn-location\">CUSHING<\/span><sup>\u00ae<\/sup> ASSET MANAGEMENT AND SWANK CAPITAL<\/p>\n<p>\n        <span class=\"xn-location\">Cushing<\/span><br \/>\n        <sup>\u00ae<\/sup> Asset Management, LP (&#8220;<span class=\"xn-location\">Cushing<\/span>&#8220;), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in <span class=\"xn-location\">Dallas, Texas<\/span>. <span class=\"xn-location\">Cushing<\/span> serves as investment adviser to affiliated funds and managed accounts, providing active management in markets where inefficiencies exist.<\/p>\n<p>\n        <span class=\"xn-location\">Cushing<\/span> is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The <span class=\"xn-location\">Cushing<\/span><sup>\u00ae <\/sup>30 MLP Index (Bloomberg Ticker: MLPX) and The <span class=\"xn-location\">Cushing<\/span><sup>\u00ae<\/sup> MLP High Income Index (Bloomberg Ticker: MLPY). For more information, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3009915-1&amp;h=1948964439&amp;u=http%3A%2F%2Fwww.cushingasset.com%2Findices&amp;a=http%3A%2F%2Fwww.cushingasset.com%2Findices\" rel=\"nofollow noopener noreferrer\">http:\/\/www.cushingasset.com\/indices<\/a>. <\/p>\n<p>Contact:<br \/><span class=\"xn-person\">Jon Abel<\/span><br \/>214-692-6334<br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3009915-1&amp;h=2574659700&amp;u=http%3A%2F%2Fwww.cushingasset.com%2F&amp;a=http%3A%2F%2Fwww.cushingasset.com%2F\" rel=\"nofollow noopener noreferrer\">http:\/\/www.cushingasset.com\/<\/a><\/p>\n<p>The <span class=\"xn-location\">Cushing<\/span><sup>\u00ae<\/sup> MLP Market Cap Index (the &#8220;Index&#8221;) is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&amp;P Opco, LLC (a subsidiary of S&amp;P Dow Jones Indices LLC) (&#8220;S&amp;P Dow Jones Indices&#8221;) to calculate and maintain the Index. S&amp;P<sup>\u00ae<\/sup> is a registered trademark of Standard &amp; Poor&#8217;s Financial Services LLC (&#8220;SPFS&#8221;); Dow Jones<sup>\u00ae<\/sup> is a registered trademark of Dow Jones Trademark Holdings LLC (&#8220;Dow Jones&#8221;); and, these trademarks have been licensed to S&amp;P Dow Jones Indices. &#8220;Calculated by S&amp;P Dow Jones Indices&#8221; and its related stylized mark(s) have been licensed for use by Cushing Asset Management, LP. Neither S&amp;P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA20875&amp;sd=2020-12-11\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-301191179.html\">http:\/\/www.prnewswire.com\/news-releases\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-301191179.html<\/a><\/p>\n<p>SOURCE  Cushing\u00ae Asset Management, LP and Swank Capital, LLC<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA20875&amp;Transmission_Id=202012110902PR_NEWS_USPR_____DA20875&amp;DateId=20201211\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DALLAS, Dec.\u00a011, 2020 \/PRNewswire\/ &#8212;\u00a0Cushing\u00ae Asset Management,\u00a0LP, and Swank Capital,\u00a0LLC, announce today the upcoming rebalancing of The Cushing\u00ae MLP Market Cap Index (the &#8220;Index&#8221;) as part of normal index operations. After the markets close on December 18, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on December 21,\u00a02020: Constituents added:Equitrans Midstream Corporation (NYSE: ETRN)Noble Midstream Partners LP (NASDAQ: NBLX) Constituents removed:KNOT Offshore Partners LP (NYSE: KNOP)NGL Energy Partners LP (NYSE: NGL) ABOUT THE CUSHING\u00ae MLP MARKET CAP INDEX The Cushing\u00ae MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398257","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS, Dec.\u00a011, 2020 \/PRNewswire\/ &#8212;\u00a0Cushing\u00ae Asset Management,\u00a0LP, and Swank Capital,\u00a0LLC, announce today the upcoming rebalancing of The Cushing\u00ae MLP Market Cap Index (the &#8220;Index&#8221;) as part of normal index operations. After the markets close on December 18, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on December 21,\u00a02020: Constituents added:Equitrans Midstream Corporation (NYSE: ETRN)Noble Midstream Partners LP (NASDAQ: NBLX) Constituents removed:KNOT Offshore Partners LP (NYSE: KNOP)NGL Energy Partners LP (NYSE: NGL) ABOUT THE CUSHING\u00ae MLP MARKET CAP INDEX The Cushing\u00ae MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream &hellip; Continue reading &quot;Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T14:05:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA20875&amp;sd=2020-12-11\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index\",\"datePublished\":\"2020-12-11T14:05:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\\\/\"},\"wordCount\":489,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA20875&amp;sd=2020-12-11\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\\\/\",\"name\":\"Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/","og_locale":"en_US","og_type":"article","og_title":"Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index - Market Newsdesk","og_description":"PR Newswire DALLAS, Dec.\u00a011, 2020 \/PRNewswire\/ &#8212;\u00a0Cushing\u00ae Asset Management,\u00a0LP, and Swank Capital,\u00a0LLC, announce today the upcoming rebalancing of The Cushing\u00ae MLP Market Cap Index (the &#8220;Index&#8221;) as part of normal index operations. After the markets close on December 18, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on December 21,\u00a02020: Constituents added:Equitrans Midstream Corporation (NYSE: ETRN)Noble Midstream Partners LP (NASDAQ: NBLX) Constituents removed:KNOT Offshore Partners LP (NYSE: KNOP)NGL Energy Partners LP (NYSE: NGL) ABOUT THE CUSHING\u00ae MLP MARKET CAP INDEX The Cushing\u00ae MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream &hellip; Continue reading \"Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-11T14:05:29+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA20875&amp;sd=2020-12-11","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index","datePublished":"2020-12-11T14:05:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/"},"wordCount":489,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA20875&amp;sd=2020-12-11","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-4\/","name":"Cushing\u00ae Asset Management and Swank Capital Announce Rebalancing of The Cushing\u00ae MLP Market Cap Index - 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