Barron's Covers MLPs Again
Barron‘s has a decent overview of MLPs today. They could have been more critical of the various funds, exchange traded notes and ETFs that offer MLP exposure. None of these pass through the tax benefits to clients as effectively as a portfolio of direct holdings – although the managers being interviewed run such funds themselves. We also shy away from the E&P names where distributions are more volatile. Low volatility, “low beta” MLPs are better in our opinion.
