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CIBC announces changes to the CIBC Atlas Clean Energy Index

CIBC announces changes to the CIBC Atlas Clean Energy Index News provided by Share this article Share this article DENVER, Dec. 14, 2020 /PRNewswire/ - CIBC (NYSE: CM) (TSX: CM) today announced that the CIBC Atlas Clean Energy Index (the Index ) rebalance following close of business on December 18, 2020, will result in changes to the Index as follows: Constituents to be added Beam Global (Ticker: BEEM) There will be no constituents removed from the Index. Constituent additions to and deletions from the Index do not reflect an opinion by CIBC U.S. Private Wealth Management on the investment merits of the respective securities. For further information, please contact CIBC U.S. Private Wealth Management at 720.221.5000.

Weekly ALPS ETF Spotlight | ETF Building Blocks Channel

MIDSTREAM RISES LAST WEEK WHILE RENEWABLES LAG Last week, the Alerian MLP ETF (AMLP) surged over 9% on the heels of a 16% gain from its Gathering & Processing MLPs. Crude oil gained roughly 2% last week after OPEC + (Organization of the Petroleum Exporting Cooperation + Russia) agreed to a smaller than expected increase in its daily crude output with planned monthly meetings to reassess the quota as the pandemic plays out into 2021. Since the end of October, AMLP has returned over 40% as midstream energy infrastructure continues its price recovery with the market’s rotation to value stocks. The price of crude oil has jumped over 27% during the same period with optimism growing that COVID-19 vaccines will begin to be rolled out by year-end.

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