“We view this new suite of ETFs as the next step in sector and income investing,” said Jerry Swank, Founder and Managing Partner, at Cushing® Asset Management.
“Selecting existing sector indexes that operate fundamentally related businesses to energy MLPs, weighting the constituents on indicated yield, and adding a limited amount of MLPs is designed to produce a higher yield focus while maintaining the desired sector exposure,” added Todd Sunderland, Partner, Head of Risk Management and Quant Strategies at Cushing® Asset Management. “With the approach we’ve taken with the Sector Plus suite, investors are able to add the industry and sector exposure they seek, while avoiding overconcentration and adding income potential in a tax efficient manner.”
“S&P Dow Jones Indices is pleased that Cushing Asset Management has selected our proprietary family of equity indices as the foundation to customize their indices,” said Michael Mell, Senior Director at S&P Dow Jones Indices. “Our Custom Index service provides independently calculated solutions that are designed to meet the unique mandates or investment strategies of our clients.”
Each of these new ETFs carry an expense ratio of 0.65% and you can read more about Cushing® and this new ETF suite here: CushingETFs.com