Houston-based Salient Partners is looking to add an active exchange-traded fund to its portfolio. The firm is prepping to launch the Salient MLP & Energy Infrastructure ETF, according to a regulatory filing.
The fund will bet on securities of Master Limited Partnerships and energy infrastructure companies. The ETF will also bet on midstream MLPs and energy infrastructure companies, which principally own and operate assets used in transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products. It will be managed by Greg Reid, president and chief executive officer of Salient’s MLP Business, and Ted Gardner, portfolio manager.
Salient’s current slate of funds include two closed-end versions of its proposed active ETF. All told, the firm currently manages from $17 billion in assets.