By Dr. Carla Pasternak
High-yield pipeline partnerships are starting to turn around, after selling off sharply this past year. The Alerian MLP Exchange Traded Fund (NYSE: AMLP) has rebounded over 30% from its February 11, 2016 low of $7.77.
The fund tracks the Alerian MLP Infrastructure Index, a basket of 21 oil and gas pipeline carriers structured as master limited partnerships (MLPs). The fund dropped with the price of oil, and now that oil prices are rallying, the fund is starting to bounce back.