DALLAS, Feb. 26, 2019 /PRNewswire/ -- Alerian announced today that Western Gas Partners (WES) is expected to be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), Alerian MLP Infrastructure Index (AMZI), and Alerian Natural Gas MLP Index (ANGI) in a special rebalancing.
In addition, Western Gas Equity Partners (WGP) expects to change its name to Western Midstream Partners and its common units will trade under the WES ticker symbol. It is expected that Western Midstream Partners will be added to the AMZI and ANGI.
Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Pending unitholder approval, Western Gas Partners will cease to trade due to its merger with WGP. If approved, the rebalancing will take place after market close on Thursday, February 28.
Each index will be rebalanced in accordance with its existing methodology. Constituent additions to and deletions from an index do not reflect an opinion by Alerian on the investment merits of the respective securities.
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of January 31, 2019, over $13 billion is directly tied to the Alerian Index Series through exchange traded funds and notes, separately managed accounts, and structured products. Visit alerian.com to learn more.