2024-02-07 08:00:00 ET
Summary
- ETNs and ETFs can provide exposure to the midstream/MLP space without the headache of a Schedule K-1, but there are important nuances to consider when choosing the right vehicle for an investor’s situation.
- ETNs are unsecured debt obligations of an issuing bank, which agrees to pay the investor a specified return typically based on an index.
- An ETN is likely to appeal more to a midstream/MLP investor allocating in a tax-advantaged account that prefers passive investing and minimal tracking error.
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Read the full article on Seeking Alpha
For further details see:
Accessing MLPs/Midstream Through ETNs