ALPS is launching what it says is the first of its kind variable annuity product. The ALPS|Alerian Energy Infrastructure Portfolio delivers energy infrastructure and MLP-focused investments to the variable annuity market.
The portfolio tracks the Alerian Energy Infrastructure Index, which is comprised of equity securities of issuers headquartered or incorporated in the United States and Canada such as master limited partnerships and limited liability companies taxed as partnerships, MLP affiliates, and energy infrastructure companies.
Alerian and ALPS have worked together on MLP products previously. The two firms introduced the first and now largest MLP ETF, the Alerian MLP Exchange Traded Fund (AMLP), in 2010. In December of last year, they launched the first passively managed MLP mutual fund, the ALPS | Alerian MLP Infrastructure Index Fund (ALERX).