More on Tortoise’s new product

Master limited partnerships (MLPs) which had put up a great show last year despite plunging oil prices saw a weak start to the year. MLPs finally had to give in to the oil price massacre. However, the weakness in the space gave many an entry point in these products, given their high level of yield. This popularity is probably attracting new issuers to come up with products focusing on this space.
Most recently, Tortoise Capital Advisors has made a debut in the U.S. ETF market with a brand new product. The Tortoise North American Pipeline Fund (NYSEARCA:TPYP) and charges 0.7% as fees.
Read the article here.