Fund flows into MLP ETFs
The Alerian MLP ETF (AMLP), a top MLP ETF, witnessed a net outflow of $9.5 million for the week ending June 16, 2017. It was the third straight week of negative flows in AMLP. There was a net outflow of $66.8 million from AMLP in the previous week ending June 9, 2017.
So far, AMLP has seen a net outflow of $148 million in June 2017, which indicates general pessimism towards the MLP sector.
Quite a few MLPs saw rating changes last week. In the next part, we’ll look at key rating changes for MLPs last week.