Print this article
New York Boutique Launches Strategy Index Subsidiary
Stephen Little
23 September 2013
Woodstock, NY-based boutique asset management firm
Miller/Howard Investments has launched Miller/Howard Strategic Indexes, a
majority-owned subsidiary that will develop indexes focused on practical
investment applications. Miller/Howard Strategic Indexes has already
launched its first index, the Miller/Howard MLP Fundamental Index, with the
Chicago Board Options Exchange as index calculation agent. The firm has
licensed the index to a major global bank for an ETN. The Miller/Howard MLP Fundamental Index provides a
systematic set of rules for selecting and weighting a group of 25 master
limited partnerships with ratings for recent distribution growth, distribution
coverage and estimated future distribution growth. The index
seeks to go beyond cap-weighted MLP exposure, focusing on factors
that the firm has identified as potential key drivers of total return
performance. The firm managed $6.1 billion in institutional and
individual client assets as of August 31, 2013.