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PR Newswire (Jul 27, 2012)
PR Newswire (May 24, 2012)
PR Newswire (Jan 27, 2012)
SRV vs. ETF Alternatives
Tuesday, Nov 268:54 AMGoldman launches first closed-end fund
Tuesday, Nov 268:54 AM| 3 Comments
- Open for trade from Goldman Sachs Asset Management (GS) is the GS MLP Income Opportunities Fund (GMZ), the first closed-end fund ever launched by the firm. The fund raised $826.3M in its IPO.
- MLP ETFs: AMLP, AMJ, MLPL, YMLP, MLPI, MLPA, MLPN, EMLP, MLPS, MLPG, MLPY, MLPJ, MLPX, YMLI, AMU, ATMP, MLPW, IMLP, ENFR, MLPC
- MLP CEFs: CEM, FMO, JMF, KYE, KYN, NTG, SRV, TYG, TYN, TYY
Thursday, Feb 2110:34 AMBofA Merrill joins the growing list of Wall Street firms jumping on the MLP bandwagon (also) for investors seeking solid, dependable income streams, while noting a greater portion of total MLP return potential could result from capital appreciation driven by production growth and associated cash distribution growth. The firm's top three names: MEMP, LGCY, BBEP. |Thursday, Feb 2110:34 AM| Comment!
Monday, Feb 410:28 AMDespite a strong start to the year, the MLP analysts at Credit Suisse forecast a continued MLP catch-up trade that could lead to significant outperformance by MLPs vs. the S&P 500. The firm's top names have strong exposure to what it sees as the coming oil boom: PAA, MMP, EEP, EPD, GEL, KMR, KMP and KMI, plus ETFs KYN and SRV. |Monday, Feb 410:28 AM| 5 Comments
Wednesday, Oct 102012, 12:41 PMNot limited to mortgage REITs, panic grips another favorite of income investors, closed-end investment funds - notably those trading far above NAV for seemingly no other reason than their fat yield. The payouts on many of these are sustained by digging into capital rather than by earning a return on it. PGP -7.5%, PHK -7.8%, PHT -5.5%. |Wednesday, Oct 102012, 12:41 PM| 8 Comments
Monday, Oct 82012, 3:25 PMBlinded by fat yields, investors continue to bid closed-end funds far higher than their NAVs. 66% of taxable and 73% of muni-bond funds trade above NAV now, compared to just 30% a year ago, with often the funds with the highest distributions having the highest premiums. "We believe that an excessive premium for the fund is not likely to be sustainable," says Gabelli of one of its funds. Are investors listening? |Monday, Oct 82012, 3:25 PM| 35 Comments
Monday, Aug 202012, 3:56 PMYield hungry investors playing in the MLP space may take caution as the sector's merits rate a Barron's cover and investor roundtable discussion. Among the selections is the popular JPMorgan Alerian MLP Index ETN (AMJ), up 17% Y/Y while yielding north of 9%, and trading at a 36% premium to NAV. |Monday, Aug 202012, 3:56 PM| 6 Comments
Wednesday, May 302012, 5:20 PMAs crude oil prices tank, more concerns arise for MLPs, even as many have virtually no direct exposure to Europe's troubles. Even at huge Enterprise Products Partners (EPD), macro concerns seem to be outweighing solid earnings. Sustained low Treasury yields may send more income investors to MLPs, but uncertainty over the future of dividend tax structures clouds the picture. |Wednesday, May 302012, 5:20 PM| 23 Comments