By Brian Watson, CFA, Senior Portfolio Manager
In January, the master limited partnership ((MLP)) sector saw two more companies eliminate incentive distribution rights (IDRs) and the beginning of Q4 earnings season. In our Chart of the Month, we look back at oil demand during the SARS outbreak in 2003 to see how it compares to today's novel coronavirus.
MLP market overview
Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended January down 6.6% on a price basis and down 5.6% once distributions were considered. The AMZ underperformed the S&P 500 Index's 0.0% total