Global X MLP ETF Allocation Increased

By on November 19, 2019

Global X MLPAContinued weakness in energy MLPs has created an opportunity to increase the position size of the Global X MLP ETF (MLPA) in the SMA Portfolio. The fund tracks the performance of the Solactive MLP Infrastructure Index. MLPA currently yields over 9%.

While the overall U. S. stock market is hitting new highs, MLPs have been in a fairly severe downturn. Since July 24th MLPA has fallen approximately 20% and has entered bear market territory. For value investors this appears to be an opportune time to add to the sector.

Cash available was used to increase the allocation to MLPA in the SMA portfolio from 6.5% to 6.7%. MLPA was purchased at $7.35.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>