New ETN Shorts Energy MLPs - 20% EPD weighted
I can see using it as a short trade. When EPD or KPM announces a pricey acquisition and you know a secondary is around the corner, it would be a way to play the upcoming unit price drop.
Otherwise as long as...
-ZIRP remains in effect by the FED and folks are yield shopping
-the dollar continues its slide and people want to own gold or oil/gas equities to retain value
-MLP tax advantages remain in effect in the face of the coming tax increases
...than, I think shorting the MLP space is probably going to be a disappointing investment.