MLPs on Track for 3rd Consecutive Year of Outperformance
November 02, 2023 at 13:07 PM EDT
Supported by positive distribution trends and M&A activity, MLPs have impressively outperformed year-to-date through October. Despite falling oil prices and a struggling equity market, the Alerian MLP ETF (AMLP) held relatively steady in October, declining just 0.57%. The fund handily outpaced broader energy and the S&P 500, which dropped 5.74% and 2.10%, respectively, during the month. [...] The post MLPs on Track for 3rd Consecutive Year of Outperformance appeared first on ETF Trends .