There was a time when many income investors scurried into master limited partnerships (MLPs) and the corresponding exchange-traded funds searching for yield amid low U.S. interest rates. Part of their motivation was the belief that because most MLPs are not involved in the exploration and production of oil and natural gas, the asset class was somewhat immune to fluctuations in the prices of those commodities.
As oil prices plunged in 2014 and 2015, that belief proved ill-fated. MLPs and the ETFs that hold them were punished as well, with some seeing their dividend yields soar well into the double digits. While it remains to be seen how long the rally will last for, oil prices are rebounding and MLP ETFs are getting in on that move.
Celebrating Oil's Rebound
For example, the Global X MLP ETF (Global X Funds (NYSE: MLPA)) is up 12.6 percent over the ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7838447/as-oil-rebounds-this-mlp-etf-blazes-a-comeback-trail alt=As Oil Rebounds, This MLP ETF Blazes A Comeback Trail>Full story available on Benzinga.com
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