Credit Suisse has appointed specialist fund distribution company Harrington Cooper to manage the UK and Channel Islands distribution of its Master Limited Partnership Index Fund.

Credit Suisse has appointed specialist fund distribution company Harrington Cooper to manage the UK and Channel Islands distribution of its Master Limited Partnership Index Fund.

Credit Suisse has partnered with Cushing MLP Asset Management for the fund. The fund’s performance and distributions are linked to the Cushing MLP Market Cap Index, which currently yields 5.6 per cent and is UCITS compliant.

Master Limited Partnerships combine the tax benefits of a limited partnership with the liquidity of publicly traded securities and to qualify for MLP status the partnership must generate at least 90 per cent of its income from midstream activities related to the production, processing or transportation of oil, natural gas and coal.

“The UK market is in a good position to embrace MLPs due to the highly attractive yield and capital growth that they can offer investment portfolios which are, at present, struggling to find both quality income and secular growth themes," said Harry Dickinson, partner at Harrington Cooper.

“The Credit Suisse MLP Index Fund provides investors with access to the US shale gas revolution via exceptional high-yielding infrastructure assets, fundamental to the continued growth of the US oil and gas sector," added Dickinson.