MLPX: Recent Developments
MLPX has seen strong capital gains, outperforming the S&P 500 and benchmark energy ETFs. The fund's dividend growth has been consistent and strong, with a 4.7% dividend yield, and 5.6% SEC yield. MLPX has shown significant total returns, outperforming the S&P 500 and broader energy indexes, albeit with significant volatility.
Comparing Energy Infrastructure ETFs: MLPX vs ENFR
Investors in energy infrastructure ETFs may be drawn to funds with larger asset bases, but it's important to also consider other factors such as cost and returns. The Global X MLP & Energy Infrastructure ETF (MLPX) and the Alerian Energy Infrastructure ETF (ENFR) are RIC-compliant energy infrastructure ETFs.
MLPX: The Energy Handwriting Is On The Wall, Buy Infrastructure
North American oil and gas infrastructure companies, like pipeline and storage facility owners, are in the catbird seat. It does not matter to these companies what the price of oil and gas is; their profits derive from the volume passing through, not price. OPEC's and Russia's reduction of output make this a perfect time to own these fine North American (mostly U.S.) companies via Global X MLP & Energy Infrastructure ETF.
MLPX: Outperformance From MLPs Continues, Still An Attractive Valuation
MLPX is close to all-time highs, outperforming energy equities like XLE, while the price of Brent holds under $80 per barrel. MLPX invests in midstream infrastructure entities, offering high yield and diversification benefits, which are often less correlated to the price of WTI versus oil & gas stocks. Despite a concentrated portfolio and weak seasonality ahead, MLPX's technical situation is healthy with potential for new highs, while its P/E multiple is attractive.
