- KYN is an energy infrastructure fund that shifted its focus in 2020 to include renewable energy companies.
- Renewables outperformed midstream fairly substantially in 2020 so this could give investors the best of both worlds.
- The fundamentals for both renewables and midstream are very positive as the world tries to shift towards clean energy.
- The fund has underperformed relative to some of its peers and it has struggled to maintain its distribution.
- The valuation appears to be right and the fund can probably maintain the distribution at its new lower level.
For further details see:
KYN: Addition Of Renewables Could Be Promising, But Performance Is Spotty