1. Friday, December 31, 2010 - 9:52 AM
Here's an idea: the SteelPath MLP Select 40 mutual fund (symbol: MLPFX), which invests in energy master limited partnerships. By owning the mutual fund, rather than the MLPs directly, the onerous tax consequences of investing in MLPs is avoided (which also makes it possible to hold this fund in a retirement account). The fund has a load, but can be bought without a load or transaction fees at certain discount brokerages, such as Charles Schwab, Fidelity, and TD Ameritrade. It's a new fund, launched on March 30, 2010, so there isn't much of a track record, but it has returned about 9% YTD.
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