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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (38559)	7/20/2010 12:55:42 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78486

MLPG. May be okay for others. Not attractive to me. Reiterating, I'm in Tortoise (since '08); I'm staying with it, reinvesting distributions, buying dips. Lot of interest in MLPs now by income investors, and these start-up etfs try to capture that now. Seems like mlp etfs pretty much all own the same lp's with different weightings. This would mean that the lp buying by new lp etfs should help the value of Tortoise's lp holdings. So I figure I participate as new people come into mlps through these new mlp funds. Especially as your standard, usually not-involved with stocks IRA holder, learns he or she can get these in an IRA without having to worry about k-1 tax forms. Depending on what purpose it's to serve, I guess buying something like MLPG is okay. It's 6-7% distribution with I presume maybe a very slow nav appreciation (and/or possible stability in etf price) -- and for me, I'm not looking to get more exposure to that now.