CHICAGO, Sept. 13, 2016 /PRNewswire/ -- Zacks Index Services announces the following name change to the Zacks MLP Index:
Zacks MLP Index
Zacks MLP High Income Index
The methodology and constituent selection process will remain unchanged for the index. The new name is reflective of the investment strategy behind the index, which selects 25 Master Limited Partnerships (MLPs) based on Yield and other criteria. The objective of the Index is to select a group of MLPs with the potential to yield and outperform a purely passive representation of the Master Limited Partnership sector and utilizes multiple factors to select the highest yielding MLPs.
The MLP Index Services as the basis of the Direxion Zacks High Income Shares ETF.
To learn more please visit www.zacksindexservices.com
About Zacks Index Services
Zacks Index Services, a division of Zacks Investment Management (ZIM), creates and maintains proprietary, quantitative portfolio strategies that are licensed to product sponsors and serve as the basis of investment products such as ETFs, unit investment trusts and closed-end funds. ZIM, a wealth management boutique, is a leading expert on earnings and using earnings estimates in the investment process. ZIM is a wholly owned subsidiary of Zacks Investment Research, one of the largest providers of independent research in the U.S.
Managing Director of Index Services
312 265 9281
Director of Media Relations
312 265 9213
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SOURCE Zacks Index Services