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Enterprise Products Partners L.P. Message Board

  • ferdiefor ferdiefor Oct 29, 2010 1:15 PM Flag

    Last Day of Year for Mutual Fund Buys

    EPD volume very heavy today along with NGLS. Appears there is some heavy duty mutual fund buying inasmuch as today is the last day for them to be able to show these MLPs in their year end portfolio.

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    • You have an interesting focus on the topic. I don't think putting MWE or EPD will make a bit of difference including it into a chart of general mutual fund holdings. The general public doesn't know many mlp.s. I continue to be amazed at the runup in mlp's price especially with most quarterly distributions very meager increases. I have fought against the fact but must agree they are moving up because 30yr treasuries are 4% and 10 yrs under 3%.Their distribution % beats most all except a dismal few. We will see if they are impervious if there is a post election selloff.

      • 1 Reply to nymarv10956
      • <<<We will see if they are impervious if there is a post election selloff.>>>

        I am wondering too, if the run up is also a function of the GOP retaking the House, and the implications that has on the Bush tax cut extensions. Some are theorizing that the cuts will expire now, and at best will be only partially extended. So, maybe higher wealth individuals and hedgies are buying MLP's as a tax positioning trade, as well as income away from bonds, until the water clears on tax legislation.

    • Nice volume here towards the close and up a buck.

      No news out, so you are probably spot on with the Fund buying thesis.

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