MLP investors, beware! The wool may be getting pulled over your eyes.
Alerian is one of the heavy hitters in the MLP and no ETF is bigger or more frequently traded than the Alerian MLP ETF (NYSEARCA:AMLP). With assets of over $9 billion, it holds some of the biggest names out there like Kinder Morgan Energy Partners (NYSE:KMP) and Magellan Midstream Partners (NYSE:MMP). MLPs are known for their oversized yields and the Alerian ETF is no exception. With an annual yield of 5.9%, it currently ranks as the 3rd highest yield of 23 MLP ETFs according to the ETF Database.
But there's one little detail that's being glossed over in all of this - its expense ratio. At a staggering 8.56%, the Alerian MLP ETF's expense figure ranks it as the highest among those same 23 MLP ETFs. What's worse is that Alerian didn't even acknowledge this figure - keep
By Karyl Patredis
At the beginning of September, two Japanese high schools played a 50-inning baseball game that lasted four days.
As a rookie on the Alerian team, I've had many opportunities to learn about the MLP space through analyst days, conferences, and webinars. One common thread in the Q&A section of almost all of these events has been the public's desire to know what "inning" MLPs would be in if the asset class were playing a baseball game.
If you ask five people this question, you'll likely get five different answers. I've heard everything from the early innings, to the fourth inning, to "I don't think it's a game."  At the Deloitte National PTP Conference, panelists and speakers discussed lots of hot MLP topics that provided some inning insight.
Deloitte Managing Principal Jonathan Traub discussed Washington news. Fears of tax reform have caused some to speculate that MLPs