QMJ - Insights At A Glance: Midstream/MLP Valuation Update

July, 28 2021 08:00 AM Direxion S&P 500 High minus Low Quality ETF

With earnings season in full gear and broad equity markets reaching record levels, we revisit valuation and put into context the relative value midstream offers during the ongoing economic recovery.
As of last Friday, the Alerian MLP Infrastructure Index (AMZI) and the Alerian Midstream Energy Select Index (AMEI) were trading at a significant discount relative to both their historical average and current valuations across the utilities sector and the broad market.
Discounted valuations complement midstream’s attractive income amid an expensive market where yield is becoming more scarce. Midstream companies remain well-positioned to continue benefiting from the economic recovery and a much-improved commodity environment.

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Company Name:	Direxion S&P 500 High minus Low Quality ETF
Stock Symbol:	QMJ
Market:	NYSE