Slumping oil prices and the startling decline in shares of Kinder Morgan Inc. (NYSE: KMI) are among the factors that have plagued master limited partnerships and the corresponding exchange traded funds this year, but data suggest some MLP funds are actually adding new assets in the midst of the oil market maelstrom.
MLP exchange-traded funds and exchange-traded notes (ETNs) have defied the conventional wisdom that the asset class can remain sturdy even as oil prices slide.
With the end of the year right around the corner, advisors and investors are considering tax-loss harvesting and selling. Perhaps some are considering which exchange traded products to move into after they ditch losing equity and fund positions.
That could be the case with the Global X MLP ETF ...
/www.benzinga.com/trading-ideas/long-ideas/15/12/6034490/this-mlp-etf-is-raking-in-new-assets alt=This MLP ETF Is Raking In New Assets>Full story available on Benzinga.com
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