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How Institutional Investors Played AMLP in Q3 2018

Vincent Kruger
How Institutional Investors Played AMLP in Q3 2018

Many midstream companies reported better-than-expected earnings in the third quarter. The earnings were mainly driven by higher oil and gas production and new expansion projects that came online during the quarter. The Alerian MLP ETF (AMLP), which represents the 25 largest MLPs, has returned -3%, while broader markets have returned 4% so far this year. The energy (XLE) sector has fallen more than 7% year-to-date.