Energy Boom, Income Demand Boost Interest in MLPs

Managers with separately managed accounts (SMAs) and funds of master limited partnerships (MLPs) have been raking in high-net-worth assets, a trend that appears far from over.
The U.S. oil and gas industry boom, coupled with the demand for income in a low interest rate environment, have boosted interest in MLPs, says Matthew Sallee, managing director and portfolio manager for Tortoise Capital Advisors. Those factors have been a boon for Tortoise Capital Advisors’ MLP strategies, Sallee says. They have also helped boost adoption of the firm’s ancillary offerings, such as a downstream-focused bond fund with utilities and pipeline debt, and exploration and production-focused closed-end fund, he says.
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