MLPs are a particularly popular asset class for both Seeking Alpha readers and CEF/ETF Income Laboratory subscribers. Several subscribers have asked me if I could do a writeup of these funds and their performance during the past few weeks, which I'll be doing in this article.
MLP CEFs have performed disastrously during the most recent market downturn, with most funds down by more than 70% on both a NAV and price basis. Industry performance was simply disastrous, especially due to the use of leverage. Moving forward, and considering the near-certainty of continued market volatility, I