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ETRACS Alerian MLP Index ETN Series B due July 18 2042
It has been almost five years since I wrote "Why I Will Never Buy an MLP Again", and in that period of time, the Alerian MLP ETF (AMLP) has not done so well.
Even before the coronavirus selloff, MLPs had given investors a pretty poor return; on a total return basis, AMLP had given investors a crummy 2.2% annualized return, a far cry from the 13.1% annualized return that stocks gave over that same period.
Oil, oil, wherefore art thou so underperforming, oil? Whither are the peak oil hysterics, the relentless emerging market