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Monday, October 14, 2013

MLP Funds Take on the Taxman

News summary by MFWire's editors

The Taxman Cometh? Not this time, baby.

Master Limited Partnerships (MLPs), while attractive for investing in high growth areas like energy and infrastructure as well as being rich in dividends, often get their butts kicked by taxes.

However, a new generation of MLP funds aim to kick the taxman in his keister, according to the Wall Street Journal.

For example, there is the UBS E-Tracs Alerian MLP, which is an unsecured debt product designed to replicate the return of an MLP index. Because the fund doesn't technically own securities, it is able to avoid paying corporate income taxes, according to the Journal article-- early 39 percent or more. But it also exposes the investor to the issuer's credit risk.

Other firms are aiming to avoid the taxman by investing below the 25 percent MLP asset tax threshold, such as the First Trust North American Energy Infrastructure Fund and the Global X MLP & Energy Infrastructure MLP.

The ALPS Alerian MLP ETF is also noted in the story as the largest ETF of its kind in terms of assets. 

Edited by: Tommy Fernandez


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