- The midstream sector has long been a favored sector for those seeking income and it has recently begun to recover.
- FMO invests in some of the best names in the sector, although it does not have the diversification that I would really like to see.
- The future of the midstream sector is quite bright as growing wealth and climate change fears drive growth of fossil fuels, particularly natural gas.
- The fund easily covered its distribution during the most recent period and looks much more sustainable now.
- The fund is trading at a reasonably attractive valuation.
For further details see:
FMO: Earn A High Yield In The Midstream Space With This Solid Fund